Breaking: Biden Sets Record and Americans Are Furious

U.S. Consumer Sentiment

(TheRedAlertNews.com) – President Joe Biden, Vice President Kamala Harris, and the entire Biden administration just set a record. And, it’s a record that has Americans furious as they dig deeper and deeper into their wallets to pay their living expenses.

According to the finance publication Bloomberg, “U.S. consumer sentiment unexpectedly collapsed in early November as Americans grew increasingly concerned about rising prices and the inflationary impact on their finances.” [emphasis added]

That unexpected collapse, as Bloomberg calls it, marks the lowest mark for consumer sentiment since 2011. Even worse, “The Michigan report showed buying conditions for household goods deteriorated sharply, with a gauge falling to a reading of 78 that was the second-lowest in data back to 1978.” [emphasis added]

Here are some of the raw findings of the report:

  • 24% of Americans expect to be worse off next year
  • Americans are pessimistic about the economy for the next five years
  • Household goods buying conditions deteriorated sharply
  • Food, gas, and housing expenses are eroding purchasing power

Overall, the report found that American consumers are at record levels of pessimism, and they believe Biden isn’t feeling their financial pain or doing anything to alleviate their pain.

What do you think? What is your opinion? Do you believe President Joe Biden, Vice President Kamala Harris, and the entire Biden administration are responsible for the economic pain Americans are experiencing? What should they be doing to help the United States get out of this fiscal crisis? Please share your opinion!

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