Americans haven't hated economy this much since Great Recession

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

United States Headlines News

Americans haven't hated the economy this much since the sloth-like recovery from the Great Recession

. While that's not the case today — the economic recovery from the pandemic's economic fallout has been charging along — Americans aren't feeling good. In fact, it's an early-2010's flashback: Americans feel as glum about the economy now as they did in the painfully sloth-like rebound from the 2008 financial crisis. They really, really hate the economy.shows that consumer sentiment fell to 59.1 in May, reaching its lowest point since August 2011. That's a dip from 65.

Hopes for the recovery moving forward also slumped. The university's index of consumer expectations tracking views on where the economy is headed in the near future plunged to 56.3 from 62.5, similarly reversing much of the progress seen in recent months. The biggest concern for Americans is sky-high inflation. 36% of consumers surveyed by the University of Michigan said their negative outlook stemmed from inflation. To their credit, there's plenty to worry about. Data published Wednesday showed prices for common goods and services. While that reflected slightly slower inflation than in March, it still came in above economists' forecasts and marked the second-fastest price growth since 1981.

Americans polled by Gallup felt similarly: In April, Gallup's Economic Confidence Index lingered at -39. While that's not as bad as the immediate fallout from the Great Recession, it's still lower than

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

'The Israeli army is asking people if they are Christian or Muslim. If you’re Muslim you weren’t allowed in.' - ajimran Israeli occupation forces are attacking Palestinians during the funeral of killed Al Jazeera journalist Shireen Abu Akleh.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sports Quiz | The Great Chicago Quiz Show | WTTWWhich athlete owned a milk company in Chicago? What year did the Blackhawks win their first Stanley Cup? Take our Sports Quiz! quizWTTW Joe Louis...and 1933.
Source: wttw - 🏆 520. / 51 Read more »

Indiana man gets 67 years for brutal killing of great auntAuthorities say Bobby N. Truitt, 20, beat his great aunt to death a day after she bailed him out of jail. He pleaded guilty in March to one count of murder and one count of abuse of a corpse.
Source: wrtv - 🏆 598. / 51 Read more »

Bad Bunny’s New Album Is Great — But It Has A Representation ProblemBad Bunny's latest album, 'Un Verano Sin Ti,' is a sancocho of genres, drawing from a spectrum of Caribbean and African rhythms. What he calls a 'summer playlist' is meant to be enjoyed beachside. It's a love letter to the Caribbean.
Source: Refinery29 - 🏆 26. / 68 Read more »

Former Texas Rangers great Ian Kinsler will be inducted into team’s Hall of FameIan Kinsler, an All-Star second baseman known for his bat and his grit, will be inducted into the Texas Rangers Hall of Fame along with John Blake, who has...
Source: dallasnews - 🏆 18. / 71 Read more »

Biden labels Trump ‘the great MAGA king,’ touts ‘clear contrast’ between Democrats and GOPPresident Joe Biden on Wednesday labeled his predecessor, Donald Trump, “the great MAGA king” and continued sharp criticism against Republicans ahead of midterm elections that could be bruising for Democrats. I'd much rather be the MAGA king than the Return Afghanistan to 13th century King Create runaway inflation King Border crisis King But, hey, maybe that's just me.
Source: WashTimes - 🏆 235. / 63 Read more »

Great Divide Brewing Rolls Out a New Look for a New EraGreat Divide Brewing: Independent Then, Independent Now.
Source: denverwestword - 🏆 315. / 61 Read more »