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Stock impact report

Consumer Revolt? Survey Reveals Many Plan To Spend Less As Shopping Season Approaches [zero hedge]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: zero hedge
Consumer Revolt? Survey Reveals Many Plan To Spend Less As Shopping Season Approaches Several major retailers have already raised concerns about a downturn in consumer spending that may persist through the crucial holiday shopping season. Many mid to low-tier consumers are stretched thin in the era of 'Bidenomics,' grappling with rising credit card debt, diminished savings, and steep interest rates. Additionally, tens of millions of consumers are resuming their student loan payments this month. These factors are headwinds that may spark a growth scare narrative. Online review platform Trustpilot published a new survey of 2,000 consumers, finding that many have less disposable income than in previous years. However, some respondents are finding ways to leverage up to fund purchases: Today's economic crisis is undoubtedly contributing to consumer stress levels this year with 1 in 3 considering going into credit card debt to purchase holiday gifts this year . This is followed by 41 perce Show less Read more
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