Report: Consumers Are Postponing Larger Purchases

09/24/2021

The University of Michigan Consumer Sentiment Index this month indicates consumers are delaying purchases of big-ticket items as they wait for prices to decline. OMA Connections Partner RSM reports that just 29% of respondents said it was a good time to buy a house or vehicle; only 38% said it was a good time to buy a major household item. Meanwhile, the Money Anxiety Index — which measures consumer actions, not survey responses — actually shows declining money anxiety since the end of June. 9/20/2021

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