Consumer confidence likely to remain low until vaccines are widely available | Visa


Consumer confidence likely to remain low until vaccines are widely available

Spending and economic recovery depend on affluent consumers.

A graph illustrating confidence among consumers with varying ranges of income.  See image description.
Confidence among consumers with income over $125,000 ranged from 147.2 (indexed) in February 2020 to 89.9 in April 2020 to 113.2 in January 2021, while confidence declined to 90.3 in those with income of $75K to $100K and to 85 in those with income of $100K to $125K.