UM’s consumer confidence index fell to its lowest level in a decade in November | United States | Consumers | Confidence Index |

[Voice of Hope November 12, 2021](Reported by our reporter Liu Fangli)According to a report released by the University of Michigan on November 12, consumer confidence in the United States in NovemberThe index fell to its lowest level in a decade. In November, the consumer confidence index rose from 71.7 fell to 66.8, significantly lower than economists expected. The report shows,A quarter of consumers said that their standard of living fell in November due to inflation, with lower incomes and elderly consumers’ income.The impact is greatest, and half of the households expect their actual income to decrease next year.

In a statement, UM’s chief investigator, Richard Curtin, said that the weakening of confidence reflects “the rising inflation rate.And consumers increasingly believe that there is no effective policy to reduce the impact of soaring inflation.damage”.

The report shows that consumers expect the inflation rate to rise by 4.9% next year, the highest level since 2008. They expect prices to rise by 2.9% in the next 5 to 10 years, which is the same as last month.

Regarding the issue of market inflation, financial expert Dr. Jason accepted an interview with our reporter.heSaid that in March this year, he mentioned that inflation in the United States is inevitable, And it’s very scary. “In May and June, the Federal Reserve came out and said,Inflation will be temporary and transitional, but everything is not what they said.Now, inflation is continuous, and it is increasing faster and faster.This is not to say how predictive I am, as you know,A big rock is rolling down the mountain, you know it is rolling down, it must be rolling faster and faster,You don’t see any power to stop it, fools will know that it rolls faster and faster. “

Jason said, “This issue is not actually an American issue. Japan also has such an issue., Europe also has this kind of problem, and every country in Canada has this kind of problem.Every country uses printing money to make a living. After today, I don’t know how to solve the problem tomorrow..In my opinion, this is not an American problem, but a problem of all mankind, includingChina is like this.There is no way not to print money, but it will trigger various factors such as inflation。”

Editor in charge: Zhang Xin

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