Part 7/9:
While some industry leaders express optimism about a future turnaround, the prevailing consensus appears to lean toward a more cautious perspective. With economic conditions deteriorating, disposable income for many remains limited. Younger generations, in particular, face compounded challenges from lower wages and elevated prices, further restricting spending. Reports outlining the decreasing average weekly hours worked suggest looming job reductions, which could trigger even steeper declines in consumer confidence.