41% of US consumers expect their financial situation to be worse over the next 12 months. This figure has more than Q2 2024. In contrast, during the financial crisis in 2008, this index reached a peak of 23%. This rate is also significantly higher than in the 1970s and 1980s, when CPI inflation was over 10%. In addition, 31% of US consumers believe that their personal financial situation will be worse in 5 years, double the rate seen in the 1980s. Americans feel like we are in a recession. Tags: Kobeissi Letter.

41% of US consumers expect their financial situation to be worse over the next 12 months. This figure has more than Q2 2024. In contrast, during the financial crisis in 2008, this index reached a peak of 23%. This rate is also significantly higher than in the 1970s and 1980s, when CPI inflation was over 10%. In addition, 31% of US consumers believe that their personal financial situation will be worse in 5 years, double the rate seen in the 1980s. Americans feel like we are in a recession. Tags: Kobeissi Letter.