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U.S. consumer sentiment plummets in early August to decade low
Yahoo Finance ^ | Fri, August 13, 2021, 10:26 AM | Evan Sully

Posted on 08/13/2021 7:33:45 AM PDT by Hojczyk

U.S. consumer sentiment dropped sharply in early August to its lowest level in a decade as Americans gave faltering outlooks on everything from personal finances to inflation and employment, a survey showed on Friday.

The University of Michigan said its preliminary consumer sentiment index fell to 70.2 in the first half of this month from a final reading of 81.2 in July. That was the lowest level since 2011 and one of the six largest drops in the past 50 years of the survey. Economists polled by Reuters had forecast the index would remain unchanged at 81.2.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS:
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1 posted on 08/13/2021 7:33:45 AM PDT by Hojczyk
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To: Hojczyk

Bet this will help Bidens poll numbers...better poll more democrats


2 posted on 08/13/2021 7:34:38 AM PDT by Hojczyk
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To: Hojczyk

That’s weird....I have no idea why——

/S


3 posted on 08/13/2021 7:34:55 AM PDT by mikelets456
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To: Hojczyk

Even lower than last year when this crap started. That is significant.


4 posted on 08/13/2021 7:37:08 AM PDT by Codeflier (Please stop calling these violent totalitarian collectivist Democrats, liberals. )
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To: Hojczyk

Gold and silver prices on the rise, go instability


5 posted on 08/13/2021 7:37:55 AM PDT by baclava
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To: Hojczyk

I hope real inflation (food, energy, retail purchases) spiked hard soon. People need to suffer personally for the decisions they’ve made with regards to their politicians. As long as leftists are suffering as much (or more) than conservatives, I’m good.


6 posted on 08/13/2021 7:38:20 AM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021)
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To: Codeflier

Friday the 13th.

(Just saying)


7 posted on 08/13/2021 7:39:50 AM PDT by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam)
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To: Hojczyk

Xiden destroying American one step at a time.


8 posted on 08/13/2021 7:39:50 AM PDT by ConservativeInPA (“When injustice becomes law, resistance becomes duty.” ― Thomas Jefferson)
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To: Hojczyk

Just wait until people learn about Joey begging OPEC for oil. Confidence will soar to new heights.


9 posted on 08/13/2021 7:44:45 AM PDT by ProtectOurFreedom (“Criminal democrats kill babies. Do you think anything else is a problem for them?” ~ joma89)
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To: Hojczyk

“Four more years”

“Four more years”

(Sarcasm)

Biden/Harris suck........Big time.

Never forget the “adults are in charge.”


10 posted on 08/13/2021 7:47:39 AM PDT by unclebankster (Globalism is the last refuge of a scoundrel)
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To: Hojczyk
Biden's administration being in direct competition with small business' have anything to do with U.S. consumer sentiment dropping sharply in early August?

How the left has taken America down to spite a very successful President, Donald Trump.

11 posted on 08/13/2021 7:48:30 AM PDT by yoe (Follow the money on Covid or for Covid...)
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To: Hojczyk

I had financially, the best 4 years of my life under Trump.
Also managed to launch a private cyber security company.
Only a fool would take a private company public under Marxist Biden.


12 posted on 08/13/2021 7:49:58 AM PDT by Zathras
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To: Hojczyk

“Sentiment?”

What happened to “Confidence?”

FRICKING LIEBERALS!


13 posted on 08/13/2021 7:51:16 AM PDT by Taxman (SAVE AMERICA!)
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To: CatOwner

“As long as leftists are suffering as much (or more) than conservatives, I’m good.”

I like the way you think.


14 posted on 08/13/2021 7:53:10 AM PDT by unclebankster (Globalism is the last refuge of a scoundrel)
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To: Hojczyk

Doesn’t show up in tax receipts for the current ongoing fiscal year....
(Worthy News) – The federal government set a new record for the amount of taxes it collected through the first ten months of fiscal 2021 (October through July), according to the Monthly Treasury Statement.

Total federal tax receipts were $3,318,078,000,000 for the period.

When federal tax receipts from previous fiscal years are adjusted for inflation into July 2021 dollars, the second-highest tax receipts for the October-through-July period came in fiscal 2017. That year, the federal government collected $3,055,690,570,000 in taxes (in constant July 2021 dollars) in October through July.


15 posted on 08/13/2021 8:00:00 AM PDT by griswold3 (When chaos serves the State, the State will encourage chaos.)
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To: Hojczyk

You get what you vote for. Not us. THEM. But the rain falls on the just and unjust.


16 posted on 08/13/2021 8:03:44 AM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
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To: Zathras

Now is a great time to retire if you can make it work.

You definitely want to be riding on the wagon and not pulling it....


17 posted on 08/13/2021 8:12:12 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: Codeflier

It is significant. I think the constant moving of the goal posts and re-imposition of restrictions (and adding of new ones) have destroyed people’s confidence in their lives and the future.

You don’t go shopping when you don’t see any future. Nor do you open a business or do any other of those good things when you see how easily the government can take it away from you.


18 posted on 08/13/2021 8:14:28 AM PDT by livius
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To: Hojczyk

I’m sure if Senile Joe squints hard enough through his pudding-crusted eyes he can see green shoots, just like in 2011!


19 posted on 08/13/2021 8:14:33 AM PDT by Freedumb
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To: CatOwner

I’m thinking the same thing.


20 posted on 08/13/2021 8:31:08 AM PDT by Karoo
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