Worries about consumer spending are weighing on finance chiefs.
CFOs expressed concern about a wide range of issues in the most recent Duke University/CFO magazine Global Business Outlook Survey, but above all they fear that an array of intensifying economic pressures will finally affect U.S. consumers and their demand for goods and services. With the costs of fuel and health care high on CFOs' list of worries, many expect the once-indefatigable U.S. consumer to finally take a break.
"Most employees' paychecks are not going to increase at the same rate that fuel and fuel-related spending are going to increase," says Michael Herbert, CFO of Delta Dental Kansas. "Consumers are going to have to make decisions about where they're going to spend their shrinking dollars."
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