{"id":1003768,"date":"2021-11-12T14:58:41","date_gmt":"2021-11-12T19:58:41","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1003768"},"modified":"2021-11-12T14:58:45","modified_gmt":"2021-11-12T19:58:45","slug":"americans-faith-in-the-economy-plummets-further-as-inflation-grows","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/americans-faith-in-the-economy-plummets-further-as-inflation-grows\/","title":{"rendered":"Americans\u2019 Faith In The Economy Plummets Further As Inflation Grows"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Famericans-faith-in-the-economy-plummets-further-as-inflation-grows%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1003768&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p>U.S. consumer sentiment fell in November to its lowest level in 10 years as Americans grew increasingly concerned about inflation and policymakers failed to combat the surging prices.<\/p>\n<p>The University of Michigan Consumer Sentiment Index <a href=\"http:\/\/www.sca.isr.umich.edu\" target=\"_blank\" rel=\"noopener noreferrer\">plummeted<\/a> to 66.8 in November, decreasing from October\u2019s 72.5 figure and reading the lowest since the index hit 71.7 in November 2011.<\/p>\n<p>The survey showed that consumers anticipate higher inflation rates in the future, with the 12-year forecast <a href=\"http:\/\/www.sca.isr.umich.edu\/files\/chpx1r.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">reaching<\/a> 4.9%. <strong><a href=\"https:\/\/dailycaller.com\/2021\/11\/12\/healthcare-split-two-companies-johnson-and-johnson\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: One Of America\u2019s Biggest Companies To Split Into Two)<\/a><\/strong><\/p>\n<p>\u201cConsumer sentiment fell in early November to its lowest level in a decade due to an escalating inflation rate and the growing belief among consumers that no effective policies have yet been developed to reduce the damage from surging inflation,\u201d Richard Curtin, the survey\u2019s chief economist, said in the report.<\/p>\n<blockquote class=\"twitter-tweet\" readability=\"8.5472972972973\">\n<p dir=\"ltr\" lang=\"en\">Breaking News<br \/>*Record Number of Workers Quit<br \/>*World\u2019s Wealthy Buying Watches &amp; Pens<br \/>*American Consumer Sentiment Crashes to 10 Year Low- 1\/4 Point to Lower Standard of Living (so much for trillions in \u201cfree money\u201d) <a href=\"https:\/\/t.co\/rXxDE3HkxY\">pic.twitter.com\/rXxDE3HkxY<\/a><\/p>\n<p>\u2014 Charles V Payne (@cvpayne) <a href=\"https:\/\/twitter.com\/cvpayne\/status\/1459193248405204994?ref_src=twsrc%5Etfw\">November 12, 2021<\/a> <\/p>\n<\/blockquote>\n<p>Additionally, the survey found that one in four Americans reduced their standard of living due to increasing prices and half of all families expect reduced real income in the next year due to growing inflation.<\/p>\n<p>\u201cRising prices for homes, vehicles, and durables were reported more frequently than any other time in more than half a century,\u201d Curtain added.<\/p>\n<p>The Consumer Price Index <a href=\"https:\/\/dailycaller.com\/2021\/11\/10\/inflation-consumer-price-index-bureau-labor-statistics\/\">increased<\/a> 0.9% in October, bringing the key inflation indicator\u2019s year-over-year increase to 6.2%, the U.S. Bureau of Labor Statistics (BLS) <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\">announced<\/a> Wednesday.<\/p>\n<p>Meanwhile, a record 4.4 million people <a href=\"https:\/\/dailycaller.com\/2021\/11\/12\/bureau-labor-statistics-september-4-million-inflation-jobs\/\">quit<\/a> their jobs in September, and job openings remained near record highs as workers reevaluated their employment situation and searched for higher wages.<\/p>\n<p>The U.S. economy <a href=\"https:\/\/dailycaller.com\/2021\/11\/05\/us-adds-531000-jobs-october-inflation\/\">added<\/a> 531,000 jobs in October, and unemployment fell by 0.2% despite labor shortages and supply chain issues, BLS&nbsp;<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\">reported<\/a> on Nov. 5.<\/p>\n<p>Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact <a href=\"mailto:licensing@dailycallernewsfoundation.org\">licensing@dailycallernewsfoundation.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. consumer sentiment fell in November to its lowest level in 10 years as Americans grew increasingly concerned about inflation and policymakers failed to combat the surging prices.The University of &#8230;<\/p>\n","protected":false},"author":86,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1003768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1003768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/86"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1003768"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1003768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1003768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1003768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1003768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}