Posted on 11/25/2025 7:59:23 AM PST by Redmen4ever
Measures of the consumer outlook for both personal finances and buying conditions for durable goods plunged more than 10% ...
(Excerpt) Read more at cfodive.com ...
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62% of all statstics are made up on the spot.
Yep. Trying to imagine those on fixed incomes or SS. I'd guess they've had nearly 40% of their buying power completely wiped out by inflation. Brutal!
Trump admin threw trillions more at covid and spending than biden ever did. Enough of the insanity of r’s being better stewards than dems. They all suck on spending, and prepare accordingly.
Inflation is cumulative. Add up all the inflation during Biden regime, and people are still living with it.
Of course it didn’t matter a whit to them when inflation skyrocketed during the first few months of the Biden administration.
Here is a general article on the topic—has some data:
https://www.oftwominds.com/blognov25/middle-class-cracked11-25.html
Anyone who does grocery shopping understands that inflation is pretty brutal.
The cost of producing food has skyrocketed since the invasion of Ukraine. That has taken a couple of growing seasons to finally show up on our tables.
The same holds true with fuel costs to transport stuff.
I am retired, so my income is not changing to meet that inflation. My wife works for a health care system that is being bankrupted by so many people walking away from their bills. We are pretty sure they will be out of business in the next three months.
So, my confidence in “surviving” is pretty high. Do I think I will be spending a lot more on “consumer” goods? Nope.
The Covid spending sent the economy into an inflationary spiral. Keep in mind that some of that was Trump’s doing as well.
And the spending of the Congress hasn’t slowed down.
It’s the entire system that needs a lesson in basic economics. Republican and Democrat alike are responsible for the mess we are in.
The very first sentence of the blog declares:
“The middle class is cracking, but if you want a statistic that “proves” this, there isn’t one.”
“The last I’ve heard is about 50% of people live near paycheck to paycheck...”
Meaningless. You can make huge money and live paycheck to paycheck and many do.
Weird troll, grocery prices have dropped fairly dramatically the past year in WA State. Yet you parrot the parrots.
Rich people are spending like there’s no tomorrow. Everyone else is curtailing.
Why would Mr. & Mrs. Y buy a house for $400,000 if both Republicans and Democrats are promising to make houses significantly cheaper?
“Rich people are spending like there’s no tomorrow.”
I know a guy, everybody think he’s “rich”. He makes $500k a year. He’s early 60’s. Toys abound at his two homes, one sits on large acreage. I asked him what his retirement plan was. He said, “I’m trying to get my IRA up to $1mm” WHAT??!
I was trying to remember the last time the media monster talked us into a recession.
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