People aren't happy with the economy, but spending is still high. Here's why.

The Metro

People aren't happy with the economy, but spending is still high. Here's why.

Clean

Published on Apr 6, 2026, 2:19:44 PM
Total time: 00:10:25

Episode Description

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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"The Metro" covers local and regional news and current affairs, arts and cultural events and topics, with a commitment to airing perspectives and uncovering stories underreported by mainstream media in Detroit.