<ul><li>Workers are concerned about rising unemployment levels and further job losses, leading to a decline in discretionary spending.</li><li>People are spending more on major expenses like housing, insurance, car payments, and utilities, while reducing discretionary spending, particularly among lower-income groups.</li><li>Lower-income households have seen slower wage growth over the past two years, and the unemployment rate has increased during the same period.</li><li>While the labor market remains solid, negative expectations among consumers, especially lower-income households, may impact their spending decisions.</li></ul>

Despite a still solid labor market, workers may fear layoffs, report finds

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