The University of Michigan’s survey of consumer sentiment showed on Friday that 32 percent of Americans expect the financial condition of their household to worsen over the coming year, a record high share, largely due to rising prices.
The University of Michigan’s survey of consumer sentiment showed on Friday that 32 percent of Americans expect the financial condition of their household to worsen over the coming year, a record high share, largely due to rising prices
“When asked to explain changes in their finances in their own words, more consumers mentioned reduced living standards due to rising inflation than any other time except during the two worst recessions in the past fifty years: from March 1979 to April 1981, and from May to October 2008.
About seven in 10 Americans say the nation’s economy is in bad shape, and nearly two-thirds disapprove of Biden’s handling of the economy, according to a poll released Friday from The Associated Press-NORC Center for Public Affairs Research.
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