Consumer sentiment hits record low

More than half of consumers surveyed said they expect their incomes to go up over the next year. But at the same time, 53% responded that they anticipate that inflation will outpace any rise in income."While consumers are relatively optimistic about the stability of their incomes, their perceptions of the economy are much more strongly influenced by concerns over inflation," Joanne Hsu, director of the survey, said in a statement.

A shopper inside a grocery store in San Francisco, California, U.S., on Monday, May 2, 2022. U.S. inflation-adjusted consumer spending rose in March despite intense price pressures, indicating households still have solid appetites and wherewithal for The latest consumer price index from the Labor Department shows inflation unexpectedly surged 8.6% in May, the

Biden says, 'stop complaining!'.🇺🇸

It’s just like the 1970’s all over again.

Russtophocles1 We now have an economy in which there is literally nothing to look forward to. Only a small elite is in a different situation.

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