The bleak forecast comes courtesy of a new WalletHub Economic Index monthly survey that evaluates economic prospects based on 10 components of consumer sentiment, including finances, purchasing plans and employment opportunities. “The main factors that are making consumers feel less confident include increased stress about money in general and a lack of confidence regarding their finances,” WalletHub analyst Jill Gonzalez told The Center Square. “These are mostly due to high inflation and the overall difficult and unpredictable current economic conditions. “Right now, inflation is the main issue contributing to the decreasing consumer confidence in the economy,” she said. See all of The Cardinal Facebook fan pages at Arlingtoncardinal.com/about/facebook …Arlingtoncardinal.com/sponsor Help fund The CardinalTHANKS FOR READING CARDINAL NEWS

Source: ABC News January 26, 2023 16:27 UTC