Concern regarding world events remains high in November.
While personal finances remained the top concern in November, a fifth of shoppers say they are most concerned about world events, up significantly from September. Overall concern regarding the economy declined this month, as did COVID concern.
Rising prices remain the top economic concern.
High economic concern held steady at 60% in November, with rising prices on essentials remaining the top concern overall. Shoppers showed decreased concern about gas prices and government benefits scaling back.
Consumers remain uncomfortable with discretionary spending in November.
Nearly three-fourths of consumers are uncomfortable splurging on premium items or taking money out of savings, in line with last month. A similar number expect to cut back on certain items—especially restaurants, travel and electronics—in the coming months to save money.
COVID concern remains at the highest level since January.
17% of shoppers said they were highly concerned about COVID-19 in November, down from 25% in October. Worries around reimposed or extended lockdown measures, mask mandates, travel restrictions, and becoming ill all dipped from previous months’ highs.
About the Survey
Numerator’s consumer sentiment survey is fielded to 1,000+ consumers on a monthly basis. All consumers are active members of Numerator’s 150,000 person Total Commerce Panel. The study was updated in June 2022 to incorporate new timely questions about the economy and to sunset some COVID-19 era sentiment questions. Responses are shown at a total level and also broken out by income level.
Income Level Definitions:
Low Income: <$40k annual household income || Middle Income: $40 – 80k annual household income || High Income: >$80k annual household income
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