Posted on 02/25/2025 8:46:31 AM PST by Diana in Wisconsin
The American consumer is getting worried about the economy.
Economic jitters are showing up across various sentiment surveys as the Trump administration aims to reconfigure America’s trade relationship with the world and inflation shows signs of getting stuck.
The latest evidence comes from The Conference Board’s Consumer Confidence Index for February, released Tuesday morning. The index fell to 98.3, falling for the third-straight month and marking the largest monthly decline since August 2021, as expectations for inflation in the year ahead climbed. That coincides with the trends reflected in the University of Michigan’s consumer survey for February.
Homebuilders are also growing worried, according to the National Association of Home Builders; even US small businesses, which remain somewhat optimistic about deregulation and tax cuts, are in doubt about the economy’s future. The National Federation of Independent Business’ Uncertainty Index rose in January to its third-highest reading on record.
America’s souring economic mood, driven by worries over President Donald Trump’s aggressive approach to tariffs, is a stunning reversal from the (brief) burst of optimism after President Donald Trump’s election in November.
Stephanie Guichard, senior economist, global indicators, at The Conference Board, said in a release that “consumers became pessimistic about future business conditions and less optimistic about future income.”
(Excerpt) Read more at channel3000.com ...
The survey showed that 82% of Gen Z adults and 79% of Millennials plan to pare back their spending in the coming months. Eating out or food delivery gave respondents the most sticker shock, according to the survey, followed by a tank of gas and prices for concerts or sporting events.
Methinks this is all about EGGS.
Wasn’t CNN singing the praises of Bidenomics not long ago?
Wait...WHUT? People are JUST NOW noticing problems in the economy, inflation, the price of eggs?
Sure, CNN. EVERYTHING has been hunky-dory with the, ‘Brandonconomy’ right up until TODAY.
*SPIT*
After four years of telling us the economy was great and consumer confidence was high, suddenly the media has reversed the narrative. Yet, everyone I know who was pessimistic about the economy last year, are now more confident that the economy will get better.
why the big disconnect over the past 4 years between our personal experiences and the government agency and media’s reporting?
“why the big disconnect over the past 4 years between our personal experiences and the government agency and media’s reporting?”
I know you’re not really asking a question, but:
A. Trump Derangement Syndrome.
B. The Enemy Media is a bunch of Socialist Democrat LIARS.
It should start to level off now with the influx of illegal aliens dropping like a rock. Supply and demand.
And Libs who said the Biden economy was great flipping in this poll.
Reality is prices are high. Rate of inflation may be under control, but all of the prices remain high.
I thought we were told they’d be falling. That may have a lot yo do with sentiment.
I don’t know what they are talking about. I haven’t been this optimistic in 5 years. My confidence grows daily! Thank you God!
Clearly a beacon of Truth and Objectivity then handed to CNN to distribute. (sarcasm_off)
Any angle of attack for the Gaslight Media.
People are starting to feel that the next big bailout isn’t coming.
The numbers are generated by the Conference Board, not CNN.
If you’re interested, you can look up their historic data at conference-board.org.
The poll is a “rear-view mirror” opinion of rear-view mirror statistics, all of which reflect the waning months of the Biden administration. And then, only to the extent those stats were derived and reported faithfully.
In other words, it’s more of the Dem-aligned MSM running around yelling “FIRE, FIRE, FIRE!!!”.
These are lagging indicators. Consumer and household debt are at record highs, this didn’t happen overnight…. And now the hopes of the government coming and rescuing folks who lived beyond their means are dashed. So theyre upset and forced into savings mode? Thats a good thing people.
Consider the source.
My Arse! I don’t believe this for a second.
I got gas (regular) last week at $2.88 per gallon.
CNN, MSNBC, and the democrat party have so much egg on their faces, no wonder there’s an egg shortage…
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