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Even with the rollout of vaccinations and federal action on a relief package, many consumers are wary about the future.
As goes the U.S. consumer, so goes the U.S. economy.
Though rising stock and home values have helped older workers and retirees, they have less time to make up for financial losses.
New COVID-19 cases are on the rise, but so is people’s willingness to go out.
The pandemic isn’t abating and consumers are wary of the future, economists at The Conference Board say.
Consumer confidence, while increasing overall, is stagnating in regions where there have been recent spikes in the disease.
With unemployment so high and concerns about the coronavirus spread, we likely won’t see a rebound in consumer spending anytime soon.
As states relax lockdown rules, consumers may start to feel better about the current situation. The future might take longer.
As people see workplaces close, big layoffs and stock market uncertainty, they fear for their financial security.
Demand will come back after the coronavirus pandemic subsides, but how much demand? And for what?