https://www.cnn.com/2023/08/11/busin...ary/index.html
"US consumers are feeling less optimistic about the economy for the first time this summer."
I'm willing to bet a good chunk of this is from people charging the hell out of their credit cards, and finally getting their bills with the rate hikes reflected on their statements.
According to many economists, for every $19 spent, $17 of this is put on credit. So meaning 90% of transactions is credit-based. So in the previous months when people were charging/spending money they don't have, now that the bill came due, this sticker shock is suddenly changing peoples' outlook on the economy.