New data came out Wednesday morning about how consumers are feeling. Not great, is the answer.According to The Conference Board’s monthly survey, consumer confidence fell this month, and more people than last month said their personal financial situation is bad.The survey also asks people how they think the economy is doing now, versus what it’ll be like in six months. While the right-now answer didn’t change much — it picked up a bit, actually — the six-months-from-now answers got a lot more pessimistic.Consumers' biggest concerns? Oil, war, food, and prices.It makes sense that consumers keep feeling worse and worse, said Erik Hurst, an economics professor at The University of Chicago Booth School of Business.“We see this link between high inflation, declining real wages, and declining consumer confidence,” Hurst said.He said that like most workers he’s studied, his salary has increased slower than the rate of inflation, which means he can buy less today than he could a year or two ago.“And as we saw for the last few years, when real wages eroded, consumer confidence tends to erode with it,” Hurst said.Which also helps explain why consumers are more worried about the future than right now. “And even though they feel OK that their their job is secure and their paychecks are coming in, it's buying them less — and that's the concern,” said Steve Odland, CEO of The Conference Board, which puts out the monthly survey.Consumers also said they’re planning to spend less on almost all the major service categories: dining, internet, personal care, health. The only one going up? Utilities.“Your money is buying less, then of course you hold back on anything discretionary,” Odland said, “because you know you have to put fuel in the car. You know you have to put food on the table.”Remember that like with any survey, these results represent the “average” respondent. But Paul Shea, an economics professor at Bates College, said not everybody is average.“This is the K-shaped economy people have been writing a lot about — I think there's some some truth in it,” Shea said. “If you're middle or upper income, you tend to be doing very well. … If you're lower, middle class, you're struggling much more.”Even as confidence wanes, consumer spending has stayed pretty resilient. Bates said that’s because high-income households keep on spending — and keep on masking the harsher reality for everyone else.