Staff Reports
Just like every president in the last ten years, Joe Biden did something that no other American leader could do.
After only two years of bad economic policies, the US economy is in ruins, but the Biden administration is trying to trick the public into thinking that things are getting better.
President Joe Biden and other high-ranking government officials probably haven't been to a grocery store in years, but they still have the nerve to tell Americans that the economy is getting better.
A new study on consumer confidence shows that Americans' trust in the economy has dropped to its lowest level in more than a decade.
Tuesday, a business research group called the Conference Board released its annual report on consumer confidence in the United States. The results of this research came from a survey of American consumers about how they feel about the economy right now. The Expectations Index, which measures how consumers feel about their short-term income, business, and job prospects, has dropped to its lowest level in almost a decade.
In a survey by the Conference Board, 29.5 percent of people said they thought business conditions would get worse in the next six months, while only 14.7% thought they would get better.
So, consumers now have a slightly less positive view of the job market. In May, 51.9 percent of consumers thought there were too many jobs, but in June, that number dropped to 51.3 percent. On the other hand, only 11.6% of consumers said it was "hard to acquire," a job down from 12.4% in the last survey.
Lynn Franco, senior director of economic indicators at the Conference Board, says that consumer confidence fell for the second month in a row in June.
The Wall Street Journal says that consumers think the Federal Reserve will raise interest rates in response to rising Bidenflation, making it more expensive to borrow money.
People will spend less on big-ticket items like homes, cars, and appliances because of this, which will hurt the economy.
Since many people can not afford food and gas for their families and the Biden administration wants us to switch to more expensive electric cars, most Americans are stuck in a rut.
The preceding is a summary of an article that originally appeared on American Examiner News.
