Inflation has created a dark cloud over how everyday Americans view the economy

[1srelluc]

When Kyle Connolly looks back at 2023, she sees it as a year defined by changes and challenges.

The newly single parent reentered the workforce, only to be laid off from her job at a custom home-building company in November. At the same time, Connolly has seen prices climb for everything from her Aldi’s grocery basket to her condo’s utility costs.

In turn, she’s cut back on everyday luxuries like eating out or going to the movies. Christmas will look pared down for her three kids compared to years prior.

“I’ve trimmed everything that I possibly can,” said the 41-year-old. “It sucks having to tell my kids no. It sucks when they ask for a little something extra when we’re checking out at the grocery store and having to tell them, ‘No, I’m sorry, we can’t.’”

Economic woes have seemed more apparent within her community in Florida’s panhandle. Connolly has noticed fewer 2022 Chevy Suburbans on the road, replaced by older Toyota Camry models. The waters typically filled with boats have been eerily quiet as owners either sold them or tried to cut back on gas costs. Fellow parents have taken to Facebook groups to discuss ways to better conserve money or rake in extra income.

The struggles among Connolly and her neighbors highlight a key conundrum puzzling economists: Why does the average American feel so bad about an economy that’s otherwise considered strong?

Inflation has created a dark cloud over how everyday Americans view the economy

Anger about higher prices appears to outweigh the benefits of a hot labor market in the minds of consumers.

www.cnbc.com

The beatings will continue until their view of the economy improves.....Sadly that's the lower middle class of today.

The real "poors" are the ones that don't care. They get everything for free with the EBT.....You don't.

Merry Christmas.

PS.....You know it's bad when now there's two "big clubs" the middle class ain't in.

 

[odanny]

“I’ve trimmed everything that I possibly can,” said the 41-year-old. “It sucks having to tell my kids no. It sucks when they ask for a little something extra when we’re checking out at the grocery store and having to tell them, ‘No, I’m sorry, we can’t.’”

Awww.....isn't life so unfair for her precious little angels.

 

[pknopp]

We knew this inflation was coming for years. People want "their cake and eat it too".

 

[JackOfNoTrades]

Meh. This was coming for a long time. By product of living the good years, some bad policy decisions on both sides, and some catastrophic world events.
It will calm down. Probably will never go back to the good old days, but it'll get better.

 

[Crepitus]

When Kyle Connolly looks back at 2023, she sees it as a year defined by changes and challenges.

The newly single parent reentered the workforce, only to be laid off from her job at a custom home-building company in November. At the same time, Connolly has seen prices climb for everything from her Aldi’s grocery basket to her condo’s utility costs.

In turn, she’s cut back on everyday luxuries like eating out or going to the movies. Christmas will look pared down for her three kids compared to years prior.

“I’ve trimmed everything that I possibly can,” said the 41-year-old. “It sucks having to tell my kids no. It sucks when they ask for a little something extra when we’re checking out at the grocery store and having to tell them, ‘No, I’m sorry, we can’t.’”

Economic woes have seemed more apparent within her community in Florida’s panhandle. Connolly has noticed fewer 2022 Chevy Suburbans on the road, replaced by older Toyota Camry models. The waters typically filled with boats have been eerily quiet as owners either sold them or tried to cut back on gas costs. Fellow parents have taken to Facebook groups to discuss ways to better conserve money or rake in extra income.

The struggles among Connolly and her neighbors highlight a key conundrum puzzling economists: Why does the average American feel so bad about an economy that’s otherwise considered strong?

Inflation has created a dark cloud over how everyday Americans view the economy

Anger about higher prices appears to outweigh the benefits of a hot labor market in the minds of consumers.

www.cnbc.com

The beatings will continue until their view of the economy improves.....Sadly that's the lower middle class of today.

The real "poors" are the ones that don't care. They get everything for free with the EBT.....You don't.

Merry Christmas.

PS.....You know it's bad when now there's two "big clubs" the middle class ain't in.

And yet shopping records were set.

 

[DukeU]

And yet shopping records were set.

Not hard to do when everything cost 20 to 30% more than what it was just 3 years ago.

Spending more and getting less.

 

[odanny]

And yet shopping records were set.

Well, you didn't expect consumers to actually buy less, did you? This is 'Murica, damnit.

 

[Darkwind]

And yet shopping records were set.

Perhaps you can check the amount and credit card debt that has gone up with that record spending.

We will be paying for that in the near future as well.

 

[Crepitus]

Perhaps you can check the amount and credit card debt that has gone up with that record spending.

We will be paying for that in the near future as well.

If they didn't think they could they wouldn't spend it.

 

[DukeU]

If they didn't think they could they wouldn't spend it.

So, no need for loan forgiveness?!?

Good to know.

 

[1srelluc]

I've also been seeing a huge up-tick in the number of people wanting to sell their vehicles for what is left on their liens.....I guess that 1K a month PU payment isn't panning out like they planned.

 

[Moonglow]

When Kyle Connolly looks back at 2023, she sees it as a year defined by changes and challenges.

The newly single parent reentered the workforce, only to be laid off from her job at a custom home-building company in November. At the same time, Connolly has seen prices climb for everything from her Aldi’s grocery basket to her condo’s utility costs.

In turn, she’s cut back on everyday luxuries like eating out or going to the movies. Christmas will look pared down for her three kids compared to years prior.

“I’ve trimmed everything that I possibly can,” said the 41-year-old. “It sucks having to tell my kids no. It sucks when they ask for a little something extra when we’re checking out at the grocery store and having to tell them, ‘No, I’m sorry, we can’t.’”

Economic woes have seemed more apparent within her community in Florida’s panhandle. Connolly has noticed fewer 2022 Chevy Suburbans on the road, replaced by older Toyota Camry models. The waters typically filled with boats have been eerily quiet as owners either sold them or tried to cut back on gas costs. Fellow parents have taken to Facebook groups to discuss ways to better conserve money or rake in extra income.

The struggles among Connolly and her neighbors highlight a key conundrum puzzling economists: Why does the average American feel so bad about an economy that’s otherwise considered strong?

Inflation has created a dark cloud over how everyday Americans view the economy

Anger about higher prices appears to outweigh the benefits of a hot labor market in the minds of consumers.

www.cnbc.com

The beatings will continue until their view of the economy improves.....Sadly that's the lower middle class of today.

The real "poors" are the ones that don't care. They get everything for free with the EBT.....You don't.

Merry Christmas.

PS.....You know it's bad when now there's two "big clubs" the middle class ain't in.

She should have gotten a trade.

 

[initforme]

There's no way of getting things back to normal with the labor surplus we have.

 

[Crepitus]

So, no need for loan forgiveness?!?

Good to know.

What do all the republicans who got PPP loans think?

 

[DukeU]

What do all the republicans who got PPP loans think?

You tell me, but we know what all democrats who got student loans think.

 

[Crepitus]

You tell me, but we know what all democrats who got student loans think.

YOu think republicans don't want their student loans forgiven?

Or maybe that republicans don't go to college?

 

[DukeU]

YOu think republicans don't want their student loans forgiven?

Or maybe that republicans don't go to college?

Once again, who's campaign included loan forgiveness.

Was it Republicans or democrats?

 

[Crepitus]

Once again, who's campaign included loan forgiveness.

Was it Republicans or democrats?

That's a non answer.

Why can RWNJs not answer direct questions?

 

[DukeU]

That's a non answer.

Why can RWNJs not answer direct questions?

My opinion matters not.

*biden had student loan forgiveness as part of his campaign. Fact.

So, we don't have to guess whether democrats voted for it.

 

[Crepitus]

My opinion matters not.

*biden had student loan forgiveness as part of his campaign. Fact.

So, we don't have to guess whether democrats voted for it.

But you refuse to say whether you think republicans with student debt (if in fact there are any) would like it as well.