General Discussion

MichMan

(16,532 posts)

42. It's right in the OP

Mon Jan 15, 2024, 12:50 PM

Jan 2024

"Many are still upset by the bruising battle with inflation. Although inflation has moderated, prices are nearly 20% higher than when Mr Biden took office. The sticker-shock takes some getting used to. Messrs Cummings and Mahoney estimate that a 10% inflation surge reduces consumer sentiment by 35 index points in the year it occurs, 16 points in the next year and eight points the year after that".

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Why are Americans so gloomy about their great economy? [View all] qwlauren35 Jan 2024 OP

Some of it is Farce News and Hate Radio, yes - but the cost of housing is taking its toll too peppertree Jan 2024 #1

Exactly. bamagal62 Jan 2024 #2

Another legacy of the Bush years, alas peppertree Jan 2024 #22

I think it's groceries. People gotta eat jimfields33 Jan 2024 #30

True. bamagal62 Jan 2024 #33

It is gross. jimfields33 Jan 2024 #44

Because Republicans try to convince everybody samplegirl Jan 2024 #3

Are? limbicnuminousity Jan 2024 #4

Arr mate! GreenWave Jan 2024 #26

Our, I think you mean and Tickle Jan 2024 #21

Along with Rebl2 Jan 2024 #23

no money... work hard but have no money. WarGamer Jan 2024 #5

It was only like 2 months ago that CW said we were soon to be in recession BootinUp Jan 2024 #6

been to the grocery store lately. nt msongs Jan 2024 #7

What is your point? BootinUp Jan 2024 #11

As Americans we have long been spoiled at the grocery store BannonsLiver Jan 2024 #14

I understand the current mindset. But BootinUp Jan 2024 #15

My patience is intact BannonsLiver Jan 2024 #16

Ok. But 1.99 for one can is insane. jimfields33 Jan 2024 #31

So the poor have no right to complain? Polybius Jan 2024 #43

people who have to pay for their own food think its still getting more pricey nt msongs Jan 2024 #17

Pet food prices - off the wall womanofthehills Jan 2024 #24

Lettuce not forgot how Trumpified the grocery store owners are. GreenWave Jan 2024 #27

GOP messaging takes nothing and makes it something, while Dem messaging takes something and makes it nothing! tableturner Jan 2024 #8

Steak or cheese at $19 a pound. Frozen dinners have doubled. doc03 Jan 2024 #9

The disruptions to the economy have not yet settled. eom BootinUp Jan 2024 #10

This message was self-deleted by its author emulatorloo Jan 2024 #19

This message was self-deleted by its author BannonsLiver Jan 2024 #12

Biden has done an excellent job, but The Revolution Jan 2024 #13

Everything being more expensive is why they are unhappy but GoodRaisin Jan 2024 #20

It doesn't matter. People always blame whomever is in charge MichMan Jan 2024 #38

Two words: Orange shitgibbon Kennah Jan 2024 #18

"Another element may be the tone of news coverage." Kid Berwyn Jan 2024 #25

Maybe it was in an unsnipped piece of the article but higher food prices seems like the #1 contributor. LonePirate Jan 2024 #28

Housing has become ridiculous ripcord Jan 2024 #29

Yep, its cost of housing. honest.abe Jan 2024 #39

My opinion inflation Tribetime Jan 2024 #32

It's right in the OP MichMan Jan 2024 #42

And I don't believe they include groceries in those calculations. Ace Rothstein Jan 2024 #45

The economy is great--for the investor class! NCDem47 Jan 2024 #34

Rent is too high, home prices are fucking ridiculous and groceries are still sky high. Autumn Jan 2024 #35

There are industries ScratchCat Jan 2024 #36

Real wages have risen since pre pandemic Johnny2X2X Jan 2024 #37

Wage growth isn't like COLA where everyone gets an across the board percentage increase. MichMan Jan 2024 #41

And inflation isn't across the board either Johnny2X2X Jan 2024 #46

Because of Predatory Capitalists artificial inflation. Emile Jan 2024 #40