Most U.S. consumers expect higher holiday prices and a weaker economy, survey finds
As the peak holiday shopping season approaches, most U.S. consumers have a downbeat outlook on the economy, according to an annual Deloitte survey published Wednesday.
Most consumers surveyed — 57% — said they expect the economy to weaken in the year ahead, the consulting firm found in a poll of roughly 4,000 respondents. That compares with 30% who expected a weaker economy ahead of the year-ago holiday season and 54% in 2008, one of the years of the Great Recession.
It marks the most negative economic outlook since Deloitte began tracking that in 1997.
Seventy-seven percent of people surveyed said they expect higher prices on holiday items, up from 69% last year, according to Deloitte. It's the first holiday season since President Donald Trump's latest wave of tariff hikes on many imports.
https://www.msn.com/en-us/money/markets/most-u-s-consumers-expect-higher-holiday-prices-and-a-weaker-economy-survey-finds/ar-AA1Ou1Jr