So, consumer confidence is at an all time low. Is anyone surprised? With prices skyrocketing, banks failing, the stock market falling, and the government taking “drastic measures” to prop up the economy, it’s no wonder people are worried.
An economic situation like this always seems to hit harder at the holidays as well. People are looking to spend money to travel to be with family and purchase holiday gifts and prepare big holiday meals, and for many families, tha’ts going to be tough this year. Thankfully, gas prices are dropping, but that’s little consolation for someone who has just lost their job.
I’m not sure this new report tells us anything new. We know there’s a financial crisis. We know that it’s likely to get worse before it gets better. And we know that we just have to keep on going, make smart choices, and hope for the best.
I’m actually curious to see if the financial panic increases after the election. Why do I think this is possible? Right now, the news is divided into two areas – the economy and the election. What’s going to fill the gap after the votes are cast and the new president is determined? I’m betting it’s going to be more about the economy. But I could be wrong. Maybe we’ll have happy stories about puppies and kittens instead.