Morgan Stanley-Thematic Alpha AlphaWise US Consumer Pulse Survey Wave 55-108937662

MJuly1,202404:01AMGMTFoundationThematicAlphaNorthAmericaMorganStanley&Co.LLC+1212296-5254+1212761-6753AlphaWiseUSConsumerPulseMichelleM.Weaver,CFA+1212761-2532SurveyWave55+1212761-1330EquityStrategist+1212761-6758MMichelle.M.Weaver@morganstanley.com+1212761-5863Thisreportprovidesafullbreakdownofdatafromour55thsurveyof~2,000KatieSolovievaconsumersintheU.S.,whichranJune20th-24thtogaugeconsumerbehavior,attitudesandoutlook.DataAnalystKatie.Solovieva@morganstanley.com•ConcernsOverthePoliticalEnvironmentAreElevatedAsthePresidentialElectionApproaches.Copingwithinflationcontinuestobeconsumers’topMichaelJWilsonconcernfor2024,with64%ofrespondentsworriedaboutrisingprices(onparwithlastmonth).ThepoliticalenvironmentintheU.S.isthesecondEquityStrategistmostlistedprimaryconcern,citedby49%ofconsumers(upfrom44%lastM.Wilson@morganstanley.commonthandin-linewiththeelevatedlevelsduringthelastpresidentialelectioncycle).Geopoliticalconflictisoneofthetopconcernsfor26%(upAndrewBPaukerfrom22%lastmonth).EquityStrategist•TheEconomy,Healthcare,andImmigrationareKeyElectionIssues.Jobs&Andrew.Pauker@morganstanley.comtheeconomyarebyfarthemostimportantissueintheupcoming2024PresidentialElection,citedby54%ofregisteredvoters(in-linewiththepastDianeDing,Ph.D.fewmonthsandslightlydownfrom57%inOctober’23).Healthcareisthesecondmostimportantissueto...