AMERICANS ARE CUTTING SPENDING, PRIORITIZING ESSENTIALS OVER TRAVEL AND LIFESTYLE EXPENSES

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American consumer confidence is trending lower among most generations:

The 6-month average of the Consumer Confidence Index for Generation X is down to ~78 points, the lowest in at least 4.5 years.

At the same time, the gauge for Baby Boomers is down to ~83 points, the lowest since at least October 2021.

Confidence readings for both age groups have been in a steady decline since early 2025.

Similarly, the Silent Generation’s Consumer Confidence Index is down to ~91 points, the weakest level in at least 4.5 years.

Generation Z remains below its 2021-2025 range, despite rising slightly in April to ~110 points.

Consumer confidence continues to erode.

VACATION CANCELED? WAR HITS SUMMER TRAVEL…

“The Iran war threatens to disrupt summer travel as it sends oil prices surging — and flight and hotel bookings are already dipping, industry experts warn.

The big picture: Rising oil prices and dwindling supplies are hitting travel as drivers face higher gas prices and airlines in the U.S. and elsewhere cut flights and raise ticket costs and baggage fees.”