Surveys Reveal Consumers Believe Recession is Here; Many Concerned About Rising Food Prices
In the last week, multiple surveys and findings from market research companies indicate that consumers believe the U.S. is already in a recession.
According to a new First Insight Report, The State of Consumer Spending: Inflation Fueling Recession Fears, 62% of consumers believe the economy is in a recession. The survey also found that “rising food prices are the biggest recessionary concern for 68% of consumers, with nearly half (48%) also concerned about food shortages."
“As inflation remains at the highest levels seen...
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