June 19, 2025
Michigan residents feeling economic squeeze as consumer confidence fluctuates
Consumer confidence fell by almost 30% from December 2024 to May 2025, leading to shorter stays & dining out less frequently at Michigan tourist destinations. Surveys of Consumers director, Joanne Hsu, told Fox 47 News,
“The same factor that has been in place since the tail end of the pandemic, and that is purchasing power and cost of living. These pocketbook factors are top of mind for consumers.”