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The Metro: People aren’t happy with the economy, but spending is still high. Here’s why.
Since 2015, consumer confidence in the economy has plummeted according to recent consumer survey data by the University of Michigan. But while confidence has declined, spending has remained strong. Why? And, how have rising gas prices factored into the economy?
Professor Joanne Hsu is the director of the monthly Surveys of Consumers at the University of Michigan. She spoke with The Metro’s Sam Corey.
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