more great news https://www.msn.com/en-us/money/mar...sedgntp&cvid=0c6db125d4534c0ab96994435fe8954a
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.
Consumer spending accounts for roughly 70% of the economy. A downshifting consumer is a key reason that business and academic economists polled by The Wall Street Journal, on average, put the probability of a recession in the next 12 months at 61%.
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.
Consumer spending accounts for roughly 70% of the economy. A downshifting consumer is a key reason that business and academic economists polled by The Wall Street Journal, on average, put the probability of a recession in the next 12 months at 61%.
hey siri can you give me an example of gaslighting
sure, rolltide, this is a gaslighting
VP CHUCKLES HARRIS: "We have reduced heating and electricity bills so folks have more money in their pocket to buy things like school supplies, replace the dishwasher or take a family vacation."
sure, rolltide, this is a gaslighting
VP CHUCKLES HARRIS: "We have reduced heating and electricity bills so folks have more money in their pocket to buy things like school supplies, replace the dishwasher or take a family vacation."
??Nationwide, foreclosure filings in January were 36% higher than a year ago, according to Attom, an Irvine, Calif.-based firm that tracks foreclosure data. U.S. foreclosure activity has been higher annually for the past 21 months, according to the company. In a higher inflation economy, those households tend to spend a higher percentage of their take-home pay on necessities like food, gas and energy, and those costs are up even higher than the overall inflation numbers.
Total U.S. credit card debt — just shy of $1 trillion — is higher than ever due largely to Americans charging everything from groceries to gasoline in order to fill the gap between what they earn and what they spend.
Total U.S. credit card debt — just shy of $1 trillion — is higher than ever due largely to Americans charging everything from groceries to gasoline in order to fill the gap between what they earn and what they spend.
