More than half of Americans have delayed major living plans due to uncertainty about the economy, according to a new survey released Tuesday.
Wells Fargo “Money Study” – In the last few weeks of the Biden administration – 6 delay plans to go to university, 8 people, among those planning to postpone 33% of them buying new homes It turns out that one is expected to retire later than expected.
The leading lenders interviewed nearly 4,000 people in their second poll between September 5th and October 4th, 76% of Americans cut their spending, up from 67% last year. I discovered that.
“Consumers' behavior is changing. “Wells Fargo's Advice and Planning Director Michael Riersch said:
“There is a clear social narrative surrounding the question: “I, am I enough?”
Many of those voted to blame inflation for their concerns, with about 90% saying they are still experiencing sticker shocks when eating out or buying ticket prices for concerts.
The survey also found that 82% of Z adults born between 1997 and 2022 and 79% of millennials born between 1981 and 1996 have reduced.
The results of the Money Study are chimes with the latest consumer confidence figures released Tuesday, showing persistent concerns about inflation and the status of the job market.
The index fell to 98.3 that month, down nearly 7%. This is the biggest drop since August 2021.
President Trump will renew his threat to slap tariffs in America's leading trading partners, Canada and Mexico, when he fears they could blow even more inflation .
