Consumer Confidence Falls To Ten-year Low
index, consumer confidence fell last month to 66.8, down from 71.7 the previous month. The latest number is the lowest in 10 years. This is another one of those “unexpected” developments. Economists surveyed by Bloomberg had expected that the consumer confidence index would rise slightly. (Would you participate in a survey about what another survey will find? I wouldn’t.) The University of Michigan survey found: Half of American families anticipate bringing home smaller incomes after adjusting for inflation next year. One in four consumers say inflation has led to a reduced standard of living. Rising prices for homes, vehicles, and…
Source: http://freedombunker.com/2021/11/14/consumer-confidence-falls-to-ten-year-low/
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