Books – Muhammad Awad:
Gallup released a poll showing that half of American adults said their financial situation is worse than it was a year ago, according to Market Place.
Observers say that this outcome of the polls is the highest outcome since 2009, during the financial crisis.
This comes, while the results of another survey said the opposite, as half of American adults, in a survey conducted by the University of Michigan, said that consumer sentiment has been gradually rising in recent months.
The poll stated that morale has become better than its historical lows, with inflation receding.
According to this metric, consumers are more optimistic than they were a year ago.
But the question is, what is the true feeling of consumers about the direction in which the American economy is heading, and from which it can be said that a global proportional part?
The Market Place report measured the salary of an American computing tech who earned about $80,000 a year and spent $400 to $500 a month on gasoline.
Over the past year, he’s changed jobs, got a big raise, bought a house and mostly works from home, so he spends less on energy.
Meanwhile, a moratorium on student loan payments saved him more than $1,000 a month.
But the problem is inflation, which has weakened their financial ability, despite the improvement in its conditions in general. It is strange for a technical employee to pay $4 for one avocado after its price was less than that.
Accordingly, with inflation, and with the rise in interest rates, the employee and many others say that they do not think of buying another car, because of the high prices.
According to the Market Place report, all this leads to one conclusion from all the interviews, which is that people in America and some countries in the world are cautiously optimistic about the economies of their countries, but they are not completely sure of what the future holds, amid inflation and high prices.
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