The paradox between the macroeconomy and household sentiment
www.brookings.edu
Historically, negative consumer attitudes have been reflected most immediately in lower spending as consumers tighten their proverbial belts. Yet consumers show no evidence of any belt-tightening in their spending behavior. Since January 2021, real consumption has grown at an annual rate of 3.4%, co
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- Historically, negative consumer attitudes have been reflected most immediately in lower spending as consumers tighten their proverbial belts. Yet consumers show no evidence of any belt-tightening in their spending behavior. Since January 2021, real consumption has grown at an annual rate of 3.4%, compared to an average of 2.4% between 2010 and 2019...
- But again, here we see another striking disconnect; applications to start a new business—including those which are likely to be an employer in the future—sharply increased during the pandemic and have remained nearly 40% above their pre-pandemic level.
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