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#inflation

180 posts118 participants9 posts today
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Miss Gayle

Everyone I know is pulling back, trying to both stock up on everyday essentials and to save money for unforeseen circumstances - esp disruptions in Social Security.

Gone are the days of shopping, going to the movies, and lots of eating out. We only buy what we need now.

Projects like insulating the upstairs are now on hold. Lots of small companies will be way worse off for the wear.

Link: sherwood.news/personal-finance

Consumer sentiment hits historic low as inflation fears hit 44-year high Tariff uncertainty is sending inflation concerns to their highest point since the early ’80s. Hyunsoo Rim, 4/14/25 American consumers are bracing for rising prices — and losing faith fast. The University of Michigan’s Consumer Sentiment Index dropped to 50.8 in April, the lowest reading since it was impacted by post-pandemic inflation in 2022 — and the second-lowest on record since the survey began in 1952. According to the release, sentiment has plunged over 30% since December as “growing worries about trade war developments” risk tipping the economy toward recession. Rate expectations At the heart of that anxiety? A sharp increase in cost expectations. Consumers now anticipate prices will climb 6.7% over the next year, the highest expected change since 1981, despite a cooling inflation print in March. The surge reflects worries that President Trump’s sweeping reciprocal tariff policies, which pushed US tariff rates to 100-year highs, could send prices soaring. Indeed, signs of financial strain have already surfaced elsewhere. More Americans are raiding their 401(k)s to cover emergency expenses, while credit stress is mounting. In Q4 2024, the share of credit card accounts making only minimum payments — and those more than 90 days past due — both reached record highs, per the Philadelphia Fed.
#Economy#Tariff#Inflation
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