U.S. E CONOMIC OUT LOOK New Challenges for the New Year JANUARY 20 22 ? 2022 Morning Consult, All Rights Reserved.ABOUT THIS REPORT Morning Consult’s monthly U.S Economic Outlook report provides an integrated assessment of the strength of U.S. consumers, workers and households. Businesses and investors rely on this report to understand emerging trends in consumer demand, employment and personal finances. The report draws on Morning Consult Economic Intelligence, a high-frequency, global economic dataset, reflecting more than 11,000 daily economic surveys across the 15 largest global economies. 2IN THIS REPORT 4 U.S. Economic Outlook: January 2022 7 Consumer Confidence Employment 14 27 30 35 43 Spending Price Expectations Personal Finances, Consumer Credit and Housing Methodology 3SECTION 1 U.S. ECONOMIC OUTLOOK: JANUARY 2022SUMMARY Confidence Employment Personal finances Despite a rapid increase in cases, U.S. consumer confidence fell moderately in December. Morning Consult’s Index of Consumer Sentiment has fallen 0.9% since the onset of the omicron-driven surge in COVID-19 cases, significantly below the 7% drop experienced