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New numbers suggest that consumers are feeling both better and worse about the state of shopping.
A report from financial services firm Cowen, which polled 2,500 U.S consumers in mid-May, found that 76% of respondents expect to spend either the same amount or more in the upcoming month. That’s up 10 points compared to mid-April, when 66% said the same.
Among the survey participants, 65% said they received a stimulus check. The majority (63%) of this subgroup plan to either save the extra income, use it to pay down debt or put it toward housing costs.
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