Consumers Feeling Pressure From Inflation, Fear Recession

For the third month in a row, the consumer confidence reading shows Americans are feeling the inflation squeeze. Many Americans are worried about a potential recession as prices rise for gas, food, clothing, housing and more. Inflation is also being felt by many corporations. Walmart says Americans are buying more food and fewer big ticket items. The Federal Reserve is poised to raise interest rates again tomorrow.

Connect with NBC News Online!

#NBCNews #Inflation #Recession

[lucaswilliams]

The FED has lost it and the sad fact is, it's pretty obvious we are headed for hyperinflation. The best bet for anyone with a brain is to get in on a passive lncome stream while you still can, doesn't matter which one it is just get on it and stay committed.

[TheTruthHurts]

Y'all, they doing this on purpose

[barrychambers]

They will never use the word "depression" until after the fact!

[markstanich]

YAH
DEMOCRATS YOUR BOY POTUS & HARRIS BROUGHT IT ON .

[elizabethyork]

In a recession (generally) it's people who can't afford expensive goods who suffer the most. Those in the top 20% of earners tend to be far more resilient to recessionary effects.

[albrownmd]

We haven’t seen anything yet. This is going to be bad.

[rhettjanes]

Too bad we're not all Paul Pelosi he seems to know just when to buy sell and trade his stocks

[TonicofSonic]

If only democrats hadn't rushed to the voting booths with all the emotional stability of a 4 year old who just dropped their ice cream cone.

[roddywoods]

I invested numerous times in 2008 when everyone panicked. I've raised my purchases again, but while I wait for stocks to rebound in the foreseeable future, I'd like to know how to create strategies to earn short-term profits. I've heard individuals making thousands and millions in this down market...

[MG-ygsp]

Worried about a recession? No problem. We just changed the definition of it so no worries!

[jaybo]

Dear Democrats, when will that build back better kick in?

[confidentialp]

How is she making 100k a year with a spouse struggling to make it. I know people in NY with kids making 40k a year with a roof over their heads and not living in their cars. I’m not here to bash her but she dropped the ball somewhere. There’s more to the story. What Americans needs to focus on is saving. I make 60k a year and girl makes the same. We both have over 100k in the bank. I’m writing this to say people don’t save. We only eat out once a week. When we travel we search for good deals, And still are able to do fun free things around NY city as well. We invest conservatively and recently just started a side hustle that’s doing well and honestly what we’re doing is not rocket science. Kids or no kids. You lose your job, you Sacrafice and take something paying less, a lot of places are hiring. Your spouse kicks it up a notch and you make it work. People are struggling in America bc they don’t understand the concept of money. That’s why other nationalities are coming here and buying up everything. Other countries if you don’t work you don’t eat and they truly understand that concept.I’m sorry for venting but if you’re reading this and you’re constantly broke, look yourself in the mirror, press the reset button and figure it out. Yes things can change in a split second but that’s why the saying always save for a rainy day is so popular no matter where you go in this world.

[ecalder]

This is not a US Problem only! But inflation rate is different in comparison to the other industrialized countries. The US is one of the highest.

[theresa]

It’s the devaluation of the money. No such thing as inflation.

[jamesremey]

Bread is now 6.00 do we have to wait till he says let them eat cake

[stevewyatt]

⠀ People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in Crypto as it's retracing ... BE wise

[jaquanpowell]

Thank you Regan. We really appreciate trickle down economics 🙄

[DwnRace]

Yikes… I wonder if that Lady Voted for Biden…

[MrTheguy]

If you were to get a $200, 000 mortgage in the beginning of the year versus tomorrow when the rates go up the mortgage payment on a 30-year loan would have been almost $500 less just because of interest so even your loans are getting more expensive. Aren't you glad you got that stimulus in 2020? Aren't you glad we have Joe Biden to save the day? At least we don't have any more childish tweets to listen to. Who needs to produce energy at home when you can buy it from saudia arabia?

[tonysmith]

We're feeling a controlled demolition