Tariff Uncertainty May Cause Young, Wealthy Consumers to Curb Spending

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The rate that evaluates confidence fell to 64.7% in February, compared to 71.7% last month

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Tariff Uncertainty May Cause Young, Wealthy Consumers to Curb Spending

Last quarter’s holiday shopping might have represented a burst of consumer optimism at the register that has now been dampened. The souring sentiment is in evidence among young, affluent consumers, who have been the drivers of commerce online and offline. They’re worried in the face of tariffs and job uncertainty. By extension, merchants’ fortunes are also murky. An Almost 10% Slide The University of Michigan released its Consumer Sentiment Inde…