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Americans are heading into the holidays uneasy about the economy, even as inflation slowly cools.

As the holidays approach, Thanksgiving has become a kind of national check-in on President Donald Trump‘s economic stewardship and whether voters believe his affordability promises are finally paying off.

That uncertainty is reflected in how consumers are approaching the holidays, cautious about big purchases but still willing to spend selectively when they find value. That mix of caution and compromise is something Joanne Hsu, director and chief economist of the University of Michigan’s Surveys of Consumers, has been tracking closely.

NEARLY 1 IN 4 AMERICAN HOUSEHOLDS LIVING PAYCHECK TO PAYCHECK, REPORT REVEALS

“Our interviews reveal that consu

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