Finanznomade

US consumers have almost never been so pessimistic about the future: Americans' expectations about their financial situation over the next 5 years dropped to the lowest level in 11 years. Household expectations have fallen in a near straight line has inflation has persisted and unemployment has risen. At the same time, their current financial situation compared with a year ago fell to near the lowest level since 2011. Over the last 60 years, such depressed levels have only been seen in recessions. Consumers believe we are in a recession.