Financial Confidence Improves but Tariffs and Inflation Impact Shopping Behavior: US Consumer Survey Insights

Financial Confidence Improves but Tariffs and Inflation Impact Shopping Behavior: US Consumer Survey Insights

Primary Analyst:
Aditya Kaushik, Analyst
Contributors
Primary Analyst:
Aditya Kaushik, Analyst
Deep Dive

What's Inside

The Coresight Research weekly US Consumer Survey Insights series takes a regular temperature check on US consumers’ behaviors and sentiment, based on exclusive proprietary survey data.

This week, we point to improvement in consumers’ financial outlook, driven by high- and middle-income consumers. In addition to our usual weekly findings on consumer sentiment, activities and shopping patterns, we discuss how shoppers perceive and are responding to tariffs and inflation, with headline findings on consumer pessimism about tariffs and the prevalence of trading down as an inflation-combating strategy.

The latest data in this report are from our survey conducted on June 9, 2025.

Data in this research report are our latest proprietary survey findings on:

  • Consumers’ expectations for the economy overall and for their personal financial situation
  • Consumers’ perceptions of tariffs (including net pessimism, concerns and perceived benefits), and the impacts of tariffs on shopping behavior
  • Consumers’ perceptions of inflation, and its impact on grocery and nongrocery spending
  • Where consumers have bought food and nonfood products from in the last two weeks
  • What consumers have bought in-store and online in the last two weeks
  • Activities that consumers have done in the past two weeks

Companies mentioned in this research report include: Aldi, Amazon, Costco, Dollar General, Kroger, Target, Walmart

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