RIVERWOODS, Ill. — Consumer spending will not pick up in the near future, if a survey conducted by Discover Financial Services holds true.
The parent corporation of the Discover Card Brand publishes the Discover Spending Monitor monthly. The survey of 15,000 U.S. adults seeks to quantify consumers' spending intentions for the next month to two months.
For only the second time since Discover started taking the survey, more consumers (29%) said they planned to spend less in the coming month than those who planned to spend more (17%).
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