Consumer Confidence Falls to Six Year Low | Visa

Consumer confidence falls to a six-year low

Millennials’ comfort level returning to pre-pandemic activities declines.

Two charts side-by-side comparing the percentage of millennials and baby boomers who were comfortable taking a vacation vs going out to eat. See Image description for details.
Two charts side-by-side comparing the percentage of millennials and baby boomers who were comfortable taking a vacation vs going out to eat, from 29-Apr 2020 to 12-Aug 2020. The percentage of millennials comfortable with going to a restaurant more than doubled from 20% in late April to 45% in mid-summer, then declined to 33% by August—roughly the same amount who were comfortable taking a vacation. One-third of baby boomers were also comfortable going to a restaurant in August—up from 15% in April—while only 22% were comfortable taking a vacation.