Discover June Consumer Discretionary Spending

Consumer Discretionary Spending 'Plummets'

Ruh-oh.

We just got this in the inbox from Discover Financial Services, which keeps its own tally of consumer discretionary purchases.

The title of the email we got:

Consumer discretionary spending plummets on eve of holiday - June Discover U.S. Spending Monitor

Discover’s June U.S. Spending Monitor is available today and shows consumer confidence dropped to its lowest levels since the start of 2012, declining 4.8 percentage points to 90.7. June’s monitor reports that consumers saw their personal finances and the economy as worsening, leading to lower spending intentions, specifically on discretionary purchases.

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