{"id":2222,"date":"2022-06-11T20:41:59","date_gmt":"2022-06-11T20:41:59","guid":{"rendered":"https:\/\/sasquatchnewsonline.com\/?p=2222"},"modified":"2022-06-11T20:41:59","modified_gmt":"2022-06-11T20:41:59","slug":"biden-economy-consumer-sentiment-plunges-to-all-time-low-due-to-gas-prices-and-product-shortages","status":"publish","type":"post","link":"https:\/\/sasquatchnewsonline.com\/?p=2222","title":{"rendered":"BIDEN ECONOMY: Consumer Sentiment Plunges to All-Time Low Due to Gas Prices and Product Shortages"},"content":{"rendered":"

Americans know that the Biden economy is going to hell and believe it is getting worse.\u00a0 Not good.<\/strong><\/p>\n

HotAir<\/a> shared some clips from various publications and polls.<\/p>\n

A new report from the University of Michigan shows\u00a0consumer sentiment has plunged to a 40-year low<\/a>, while inflation hit\u00a0a new 40-year high<\/a>\u00a0at the same time:<\/p>\n

\n

The University of Michigan\u2019s gauge of consumer sentiment fell sharply to a record low reading of 50.2, down from a May reading of 58.4. Economists polled by the Wall Street Journal had expected an June reading of 59.<\/p>\n

The level is comparable to the low point reached in the middle of the 1980 recession, U Mich said.<\/p>\n

Americans\u2019 expectations for overall inflation over the next year rose to 5.4 in June from 3.3% in May, while expectations for inflation over the next 5 years jumped to 3..3% from 3% in the prior month.<\/p>\n

Another poll comes from the Anti-Trump Wall Street Journal:<\/p>\n

The Wall Street Journal<\/a>, \u2026ran a poll at which Joe Biden\u2019s press secretary scoffed<\/a>. They found that 83% of respondents thought the economy was either poor or \u201cnot so good,\u201d only 27% thought their financial situation would improve over the next few years, and the poll registered the highest level of discontent in 50 years of running the survey.<\/p>\n<\/div>\n

The Washington Post poll report<\/a> this week should have prepared everyone<\/a>\u00a0for this level of pessimism:<\/p>\n

Most Americans expect inflation to get worse in the next year and are adjusting their spending habits in response to rising prices, according to a poll conducted by The Washington Post and George Mason University\u2019s Schar School of Policy and Government.<\/p>\n

Inflation, which is near 40-year highs, has lifted the cost of just about everything, including essentials such as gas, groceries and housing. Overall prices are up 8.3 percent in the past year.<\/p>\n

Families are feeling the pinch. Nearly 9 in 10 Americans say they\u2019ve started bargain-hunting for cheaper products, and about three-quarters are cutting back on restaurants and entertainment, or putting off planned purchases, according to the Post-Schar poll conducted in late April and early May.<\/p>\n

The entire nation knows that the Biden economy is collapsing.\u00a0 People only think it is getting worse.\u00a0 Americans are scared as Biden continues to do everything he can to seemingly destroy this country.\u00a0 When you look at the stolen election, energy dependence and every Biden action, it\u2019s hard to believe he\u2019s not trying to destroy this country on purpose.<\/p>\n

The post BIDEN ECONOMY: Consumer Sentiment Plunges to All-Time Low Due to Gas Prices and Product Shortages<\/a> appeared first on The Gateway Pundit<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Americans know that the Biden economy is going to hell and believe it is getting worse.\u00a0 Not good.<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-2222","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nBIDEN ECONOMY: Consumer Sentiment Plunges to All-Time Low Due to Gas Prices and Product Shortages - Sasquatch News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sasquatchnewsonline.com\/?p=2222\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BIDEN ECONOMY: Consumer Sentiment Plunges to All-Time Low Due to Gas Prices and Product Shortages - 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