Americans Continue to Spend

[Jw2]

Consumer spending proved remarkably resilient in April, increasing an inflation-adjusted 0.7% on the heels of red hot gains & an upward revision to spending in March.

Disposable incomes did not hold up as well: they flatlined after adjusting for inflation.

[chuck_curtis]

Johnny likes Brandon's world.  It hurts so good!  80% of Americans, not so much.

[D2D]

Pending home sales fell in April for the sixth month in a row, slowing to a pace not seen in nearly a decade as rising interest rates and high prices continue to curb demand.
The latest data from the National Association of Realtors released Thursday indicates signed contracts fell 3.9% in April from the month before to a two-year low of 99.3% on the organization's Pending Home Sales Index.


https://www.foxbusiness.com/economy/pending-home-sales-slide-sixth-straight-month

Beijing Biden's policies continue to bear very bitter fruit!

Record-high gas prices, rising inflation, and the threat of a new recession have a 56% majority of Americans claiming that their financial situation is “getting worse” according to a Harvard CAPS/Harris poll.

    There it is: a gallon of gas costs more than the federal minimum wage https://t.co/np6zsWR2Ie

    — river butcher  (@rivbutcher) May 22, 2022

Mark Penn, the co-director of the Harvard CAPS/Harris poll, had this to say to The Hill: “This is a devastating finding that has been climbing month after month.”

“No matter how they are actually doing, a solid majority believes now they are becoming worse off economically and that is America’s most critical read on the mood of the voters,” he added.

Per the poll, 49% said that they expect the country to enter a recession in the next year. 36% believe we are already in an “economic downturn.”

https://bigleaguepolitics.com/inflation-kills-summer-plans-for-american-families-parents-feel-pressured-to-work-extra-hours/

[Dan]

The Biden regime is propping up the economy on the backs of consumers, forcing us to deplete our savings.

[D2D]

Great Depression two here we come!

[WWV10MHZ]

[takncarabizniz]

Can't wait to see what comes down the road...how much is actual spending and how much is consumer debt?

You can show increases in spending no matter what the source.  So if people are maxing out their credit cards, what happens when it's time to pay the piper?

[BOBRI123]

Disposable incomes ? 

Does this mean people are putting it all on Credit Cards   ?




BOB  RI    123