According to Bloomberg News:
The Conference Board index, monitored by analysts as a signal of future consumer spending, dropped in October to 125.9 for a third-straight decline.
Bloomberg, October 27, 2020
Furthermore, waning consumer confidence can also indicate a lack of confidence in the labor market, in other words, consumers may be spending less in anticipation of lost wages or employment. Will consumers’ selectivity in their spending affect their educational choices? And, if so, how?
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