Thoughtful Money with Adam Taggart
Too-High Cost Of Living Is Destroying Consumer Confidence | Joanne Hsu
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If you listen to the politicians and the headlines, you'll hear a lot of talk about the "strong consumer" who is keeping the economy happily chugging along.
But when we hear from actual consumers themselves, we hear a very different story. The majority of households are struggling under the surge in their cost of living post-COVID. Many express despair that the American dream is now beyond their reach.
For a detailed dive into this critical topic, we're fortunate today to speak with Joanne Hsu, director of the widely-followed University of Michigan's consumer sentiment survey.
The UMich data indeed shows that a growing majority of Americans are giving up hope they'll ever be able to afford a middle class lifestyle.
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#consumersentiment #consumerconfidence #costofliving