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February 20, 2023

Consumers say they’re worried about the economy, but retail sales are strong

Marketplace reports on consumers’ confusion in the economy. We’re still reeling from the pandemic, and it shows up in how we spend money. We’ve been living through three years of economic craziness, said Joanne Hsu, who directs the Surveys of Consumers at the University of Michigan.

“We have this period of pandemic, inflation, all this uncertainty, political polarization…consumers aren’t responding to just one slice of the economy,” she said. “They’re responding to their entire experience.”