During the current quarter, consumer confidence has dropped to levels not seen since the fourth quarter of 2023. Among the factors making consumers more pessimistic were inflation, their reduced savings and perceived weakness in the labor market. Nonetheless, many Americans plan to spend more money on food going forward. Meanwhile, Gen Z members intend to shell out more for apparel, and beauty products. On the other hand, 27% of high-income members of Gen Z reported that they were looking to buy more expens ...