U.S. Consumer Spending Slows as Credit Replaces Confidence
Spending Persists, but the Mood Has Shifted Entering 2026, U.S. consumer spending has not collapsed, but its character has changed noticeably. Retail sales remain positive in headline terms, yet the underlying momentum increasingly reflects necessity rather than confidence. Households continue to spend, but fewer view their financial position as improving. Instead of optimism driving purchases,…









