Over 33% of US consumers worry about making ends meet; even 30% earning $150k+. Inflation pain spans all incomes: 1 in 3 under $40k struggle to pay bills. Food grocery prices up 24% since 2019.

JUST IN: More than 33% of US consumers are now worried about making ends meet over the next 6 months.

This includes 30% of Americans earning $150,000 or more annually, according to the Fed survey of 5,000 respondents.

Over the last 12 months, 43% of all surveyed consumers and… pic.twitter.com/fRqJlcbOUv

— The Kobeissi Letter (@KobeissiLetter) July 15, 2024

Many Americans have been feeling the weight of inflation, especially the youth in America who are just entering the workforce: t.co/eoPFYiidye

— Reef Insights (@ReefInsights) July 16, 2024

Retail sales is all seasonal adjustments:

Adjusted retail sales: June $704.3BN, May $704.5BN
Unadjusted retail sales: June $703.6BN; May $745.2BN

Lol, consumer is strong?

— The Macro Guy (@SagarSinghSetia) July 16, 2024

US retail sales for June:

💵 Total sales: +0.2%
🛍️ Core retail sales: +1.3%
🍔 Foodservice: +4.0%
⛽️ Gas stations: -2.1%
🚘 Autos: -5.2%

Weakest overall growth since January 2024. Core retail weakest growth since April 2023. Is this the start of a consumer slowdown or a blip?

— Neil Saunders (@NeilRetail) July 16, 2024