Record Number Of Americans Are "Suffering", Surpassing 2008 Crisis Levels; Gallup Poll Finds
It will only worsen from here...
Record Number Of Americans Are "Suffering", Surpassing 2008 Crisis Levels; Gallup Poll Finds
BY TYLER DURDEN
MONDAY, AUG 22, 2022 - 07:20 PM
A plethora of data points show the consumer is absolutely miserable: real wages trend lower, cost of living skyrockets, the employment market softens, savings rate collapses, credit cards maxed out, and the US economy falls into the "technical definition" of recession.
Capturing the plunge in consumer sentiment (at record lows) is a new Gallup survey that reveals a record number of Americans are "suffering."
Gallup's Life Evaluation Index measures the quality of life of Americans by asking respondents if they're "thriving," "struggling," or "suffering." The survey is between 0 to 10. Those who check four or below are classified as suffering; seven or higher is thriving.
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