Apparently, lack of confidence is not having any impact on actual spending, at least among the top half of the income distribution.
What do universities know about how people spend their own money?
Months ago we stopped purchasing anything that was not needed or 100% necessary. I flat out refuse to go along with this level of greed.
Too funny!
The Democratic mantra for 2026 will be “affordability, affordability, affordability...” The left media, the think tanks, universities and the biased pollsters will be sounding this theme endlessly to convinve American voters to abandon Trump and the Republicans.
Went to our local HEB Sunday for a few grocery items because I figured everybody would be watching football. But the place was packed out and it wasn’t even an EBT day. I even joined in the buying mania and picked up a pumpkin pie I wasn’t there for.
Puppet Biden and his $10 trillion Build Back Better deal (along with 20 million additional illegal aliens) and COVID spending directly caused massive inflation.
You cannot print such a staggering amount of money (out of thin air) without debasing the currency. This is why Gold is up. The purchasing power of the dollar was destroyed by the democrat party and now they are blaming Trump (who has been in office only 10 months and won’t let him implement his policies to fix the mess).
I’ve been skeptical of this U of M consumer sentiment thing for a long time.
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.
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?
I was trying to remember the last time the media monster talked us into a recession.
We are being economically punished for voting for Trump again … and in such huge numbers.