Consumer confidence drops sharply in the U.S

In Philadelphia, many consumers are feeling financial pressure despite earning decent incomes. Courtney McCallum, a 30-year-old magazine editor, shares that she and her husband are living paycheck to paycheck. They hope to buy a home and start a family but are delaying these plans due to rising costs for essentials like groceries and student loans. There is growing concern across the country as consumer confidence drops significantly. According to reports, spending has decreased among all income groups, with major retailers like Walmart and Costco noticing that customers are cutting back on their purchases. Even travel companies are preparing for a slowdown. In Bryn Mawr, Pennsylvania, Jennifer Tran is worried about upcoming financial challenges but says she feels okay for now. She and her husband are trying to save money while also supporting local businesses they believe in. They monitor their spending closely, especially on non-essentials. Food banks in the Philadelphia area report increasing demand, with many people needing help for the first time. A local anti-hunger organization found a sharp rise in visits to food pantries, especially in wealthier areas where housing costs are high. Executives worry that inflation and other economic factors could worsen the situation, as food donations decline. The Food Bank of South Jersey has also seen a significant rise in people needing assistance, indicating that financial struggles are affecting a wide range of families. Many are shocked by the rising costs at grocery stores, making it harder for everyone to make ends meet.