U.S. consumer sentiment drops to 10-year low on inflation fears
U.S. consumer sentiment unexpectedly collapsed in early November as Americans grew increasingly concerned about rising prices and the inflationary impact on their finances.
“One in four consumers cited inflationary reductions in their living standards in November, with lower income and older consumers voicing the greatest impact,” Curtin said.
Surging costs for food, gas, and housing are eroding consumers’ purchasing power despite stronger wage growth. About half of all families anticipate declines in inflation-adjusted incomes next year, according to the data.
Inflation is at a 30 year high, gas is as much as seven dollars in some parts of the country, and that sofa you ordered back in July is still sitting on a cargo ship. Democrats in the House dedicated today to arguing over an Internet meme.
Senile Biden's Chief of Staff stance appears to be that businesses should simply not raise prices when their costs rise. What morons are running this country