The U.S. Consumer Is Starting to Freak Out


Olde Hornet

Well-Known Member
I told this woman that was complaining about egg prices in the store last week, if you want them to drop, stop buying them. We have severely cut back.

Its called supply and demand.

The U.S. Consumer Is Starting to Freak Out​



The engine of the U.S. economy—consumer spending—is starting to sputter.

Retail purchases have fallen in three of the past four months. Spending on services, including rent, haircuts and the bulk of bills, was flat in December, after adjusting for inflation, the worst monthly reading in nearly a year. Sales of existing homes in the U.S. fell last year to their lowest level since 2014 as mortgage rates rose. The auto industry posted its worst sales year in more than a decade.

It’s a stark turnaround from the second half of 2020, when Americans lifted the economy out of a pandemic downturn, helping the U.S. avoid what many economists worried would be a prolonged slump. Consumers snapped up exercise bikes, televisions and laptop computers for school children during lockdowns. When restrictions were lifted, they rushed back to their favorite restaurants and travel destinations.
 
Back
Top