The youngest working adults are hitting a darker mood than anything seen in decades
Consumer sentiment among young people (18–34) is near an all-time low—worse than during the pandemic, the Great Recession, and even stagflation. This morning's US retail sales data — an overall growth of 0.2% (below the 0.4% consensus forecast) and a "control group" contraction of 0.1% — are consistent with two actionable hypotheses:Greater consumer stress is …
