1851

The <a href="http://www.sca.isr.umich.edu/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=inflation-woes-drive-consumer-confidence-to-10-year-low-2717977" target="_blank" rel="nofollow">University of Michigan</a> released a new survey showing that consumer confidence has dropped to its lowest level in 10 years, falling 8.2% from January, 2022 and a whopping 19.7% from February, 2021.&nbsp;The report attributes that steeply declining confidence to rising inflation, skepticism of the government’s economic policies and a dire long-term economic outlook.“The impact of higher inflation on personal finances was spontaneously cited by one-third of all consumers,” said Richard Curtink, the chief economist behind the university’s survey.James Bullard, President of the St. Louis Federal Reserve, is encouraging the Federal Reserve to take action to mitigate inflation.&nbsp;“This inflation we’re seeing is very bad for low and moderate-income households,” he told <a href="https://www.cnbc.com/2022/02/14/bullard-say-the-fed-needs-to-front-load-tightening-because-inflation-is-possibly-accelerating.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=inflation-woes-drive-consumer-confidence-to-10-year-low-2717977" target="_blank" rel="nofollow">CNBC</a>. “Real wages are declining. People are unhappy. Consumer confidence is declining. This is not a good situation.”Despite declining consumer confidence, economic growth is expected to remain strong in 2022 with only a slight slowdown from 2021. <a href="https://www.cnn.com/2022/02/15/investing/premarket-stocks-trading/index.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=inflation-woes-drive-consumer-confidence-to-10-year-low-2717977" target="_blank" rel="nofollow">CNN</a> reported that a growing job market, as well as more cash in the hands of consumers, is propping up an economy that is stronger than many consumers may realize.Related articles:<ul><li><a href="https://1851franchise.com/supply-chain-issues-continue-as-fast-food-prices-soar-2717952#industry-spotlight">Supply Chain Issues Continue as Fast-Food Prices Soar</a></li><li><a href="https://1851franchise.com/restaurant-hiring-surges-as-us-employers-add-467000-jobs-in-january-2717966#industry-spotlight">Restaurant Hiring Surges as U.S. Employers Add 467,000 Jobs in January</a></li></ul>

Inflation Woes Drive Consumer Confidence to 10-Year Low

1851 Franchise

A survey conducted by University of Michigan shows consumer confidence dropped substantially even in the past month and by nearly 20% since last year.

inflation-woes-drive-consumer-confidence-to-10-year-low

SweatHouz

Science, Wellness, Growth: How SweatHouz CEO Mike Tan is Shaping the Future of Contrast Therapy Franchising

mike-tan-franchising-strategy-sweathouz

Biscuit Belly Franchising

Biscuit Belly Expands Across the Southeast U.S. With Six New Locations

biscuit-belly-expands-across-the-southeast-us-with-six-new-locations

Layne's Chicken Fingers

Photo of exterior of Layne's Chicken Fingers restaurant

Layne’s Chicken Fingers Signs Landmark 44-Restaurant Deal, Shatters Records in Monumental Third Quarter

laynes-chicken-franchise-growth-records

Children's Lighthouse

Why Children’s Lighthouse Is a Great Opportunity for Swim School Franchisees

why-childrens-lighthouse-is-a-great-opportunity-for-swim-school-franchisees

Children’s Lighthouse Closes the Third Quarter with Record Franchise Signings and New School Opening

childrenslighthouse-q3-2025-growth

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Amazon outage, AWS outage, Amazon AWS logo

The Day the Cloud Stalled: How Amazon's Outage Impacted Franchise Economy

amazon-aws-outage-franchise-impact-travel-dining-failure

Thursday 1851 Franchise Agg - NASAA’s Noncompete Push

NASAA’s Noncompete Push Puts Franchise Growth on Uncertain Ground

franchise-noncompete-nasaa-advisory-reasonableness-standard

How a Steady Economy Could Help Franchisors Plan Their Next Move

how-a-steady-economy-could-help-franchisors-plan-their-next-move

Bed Bath & Beyond - Franchise Expansion - Retail Strategy - 1851 Franchise

Bed Bath & Beyond Launches Franchise Model as Part of Comeback Strategy

bed-bath-beyond-franchise-expansion-retail-strategy

Senior Entrepreneurship - Franchising - 1851 Franchise

Senior Entrepreneurship Is Rising — And Franchising Is a Key Outlet

senior-entrepreneurship-franchising-silver-startups

NJCAR v. Ford - New Jersey Supreme Court Limits Standing Under Franchise Practices Act

New Jersey Supreme Court Limits Standing Under Franchise Practices Act

new-jersey-franchise-practices-act-njcar-v-ford

Power Eats: Smoothie King Rolls Out Food Nationwide To Fuel Franchise Growth

smoothie-king-food-menu-power-eats

McDonald’s Is the Latest Franchise To Bet Big on Beverages with 500-Store Premium Drink Test

mcdonalds-is-the-latest-franchise-to-bet-big-on-beverages-with-500-store-premium-drink-test

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities - 1851 Franchise Agg

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities 

health-care-hiring-slowdown-in-home-care-franchise-opportunities

A Practical Playbook: Who To Call First When Franchising Your Business

franchising-your-business-who-to-call-first

image of jerome hanway from right at home Las Cruces, New Mexico 1851 franchise franchisee spotlight

Jerome Hanway Is Building His Right at Home Franchise Around His Mission To Serve

right-at-home-franchise-las-cruces-jerome-hanway

image of franchise deep dive from 1851 franchise on doody calls franchise authority brands

DoodyCalls Franchise Costs, Fees, Profit and Data for 2025

doodycalls-franchise-deep-dive

graphic image of an 1851 franchisee spotlight brayden and johnny steven of teriyaki madness

Father-and-Daughter Team Bring Teriyaki Madness to Wichita, Kansas, With Big Expansion Plans

johnny-brayden-steven-teriyaki-madness-wichita

1851 Franchisee Spotlight graphic with photo of Barb Volk and KidStrong logo

Why This Orangetheory Fitness Franchise Owner Is Developing KidStrong Franchises

kidstrong-franchise-owner-barb-volk-2025

Inflation Woes Drive Consumer Confidence to 10-Year Low

MORE STORIES LIKE THIS