There’s a complete disconnect between what consumers say they feel about the economy and what they actually do with their money. It’s the classic dilemma: “I complain about the price of things, but I stand in line to buy the latest smartphone.”
Historically, consumer confidence in the U.S. has been known to plunge to critical levels not seen in decades (reaching lows reminiscent of the crises of the 1950s), driven by the inflation narrative. However, hard data from real retail sales shows a completely opposite reality: robust year-over-year growth of close to 6.9%. 🛒