Consumers are feeling the pinch, and the situation is only getting worse. After years of negative real wage growth and escalating credit card debt, retail sales are reflecting a harsh reality: inflation is biting harder than ever.
After 4 years of negative real wage growth and mounting credit card debt, consumers are done; retail sales are looking rough and are even worse after adjusting for inflation: pic.twitter.com/I1D1ZS9fOy
— E.J. Antoni, Ph.D. (@RealEJAntoni) March 19, 2025
Just 63% of Americans are currently able to come up with $2,000 in the event of an unexpected need, the lowest in at least 10 years.
This percentage has declined by 9 points since February 2020, according to the NY Fed.
This comes as household debt hits record highs with… https://t.co/TCLHSEEmgh pic.twitter.com/KwjcvJEvdO
— The Kobeissi Letter (@KobeissiLetter) March 18, 2025