US consumer confidence plummets to Covid-era low as trade war stokes anxiety
apnews.com
Americans’ confidence in the economy slumped for the fifth straight month to the lowest level since the onset of COIVD-19.
  • happybadger [he/him]@hexbear.netEnglish
    16·
    22 days ago

    I definitely have a very similar mindset to what I did in January 2020. My only significant expense of the year is a bike that I hope to replace my car with. If a product isn’t priced significantly higher, I don’t trust it to be anything other than shrinkflation. No subscriptions, no Amazon, no purchases outside of essentials, only cheap outings and leftovers for lunch at work. I know it’s going to get worse and the mechanism behind that is going to be scattershot through the economy in ways I can’t even begin to predict, so it’s just pure survival mode and falling back on Great Depression consumer practices.