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A study by the Pew Research Center for the People & the Press notes a curious divide in the public mood: Increasing optimism about the economy and their own finances “has not caused people to open their wallets: The proportion saying they have cut back on personal spending remains as high as it was earlier this year.”
Pew’s own polling (fielded earlier this month) helps explain the anomaly: There is still a lot of economic fear, and it’s more of a factor than current financial hardship in motivating consumers’ austerities.
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