For A Nation Of Spendthrifts, Americans Are A Gloomy Bunch

Just 16% of US consumers expect their income gains to outrun inflation over the next year. That's according to the final read on University of Michigan sentiment for May. 80% of Americans said it was a bad time to buy a house, blaming both high rates and high prices. The headline sentiment index moved up from the preliminary print, but at 59.2, was nevertheless indicative of economic angst. The expectations gauge was likewise revised a bit higher from this month's early read, but at 55.4, i

Try one month of our best daily market and macroeconomic commentary for FREE

Try for free

Or see other subscription options to save 20% on an annual plan

Already have an account? log in

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

One thought on “For A Nation Of Spendthrifts, Americans Are A Gloomy Bunch

  1. I wonder if it’s still keeping up with the Joneses that powers the middle class… or maybe YOLO is now a better description for their consumption addiction?

NEWSROOM crewneck & prints