New data from Morning Consult shows Americans are feeling increasingly uncertain of the economy, yet continue to spend more and take on more debt because of it.
The new report said Americans spent more, on average, in September. That's the eighth consecutive month there was a rise.
A separate survey from the University of Michigan found it’s all happening as Americans’ sentiment on the economy continues to sour to record low levels.
In October, the survey found consumer sentiment fell 0.1%, from 55.1 points in September to 55.
It's a marginal decrease, but the third monthly decrease in a row and the seventh-lowest level since 1952.
“People are maybe spending more, but they're spending more on the necessities because things cost more,” Woroch said. “What we also know that is some con