Posted on 01/24/2022 8:57:54 AM PST by Hojczyk
U.S. consumers expect their monthly spending to grow above pre-pandemic levels this year but people are becoming less likely to spend big on vacations and other non-essential items - a sign that more households may be more concerned about rising prices, according to a survey released Monday by the New York Federal Reserve.
The survey showed that consumers expect to spend more on daily living expenses in the coming year. But it also showed that consumers are becoming less likely to spend large amounts of money on home repairs, vacations, appliances and other expensive purchases.
"In contrast, households report a lower likelihood of making large purchases over the next four months, which points to the likely contribution of elevated inflation expectations," researchers wrote.
(Excerpt) Read more at finance.yahoo.com ...
What we have is a malaise. It’s all your fault, you stupid consumers. (Thank you Jimmy Carter and Harris the ho)
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Running low on groats, Castille soap bars and powdered milk in local supermarkets.
If inflation goes higher these will be luxuries.
Retired FReeper,
F B
Ya food, fuel, housing and utilities will push it over all on its own.
4 things you can’t live with out.
Net spending growth taking into account inflation?
If you’re in the Market I figure it’s lost a few Trillion$$$ at this point so spend on while you can.
how long till deflation kicks in?
With the supply chain problems and all the libs running with their big buck$ to inflate red state real estate prices it’s anyone’s guess.
In bulk ag transportation, used equipment has increased 93.7%. (New equipment wait time is 15 months). This is unsustainable. Something’s gotta give.
And then there is also this in Commiefornia!
https://www.diamondsales.com/californias-new-2020-law-limits-registration-of-older-diesel-trucks/
Pretty much what I am spending on although I dodged a bullet on replacing an HVAC system today, fan motor. $400 is better than $5K.
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