fromLondon Business News | Londonlovesbusiness.com
2 months agoHigh inflation weighing on consumer confidence - London Business News | Londonlovesbusiness.com
Confidence among Millennials (28-43) fell dramatically this month, as their expectations for both the economy and their own finances fell by double digits.
The same generation also cut spending expectations for the months ahead, though this was largely offset by improvements for Gen Z, who remain the most optimistic. Worries about the Budget, combined with the increase in the cost of living, have eroded confidence, with little sign that inflation will come down soon.