U.S. Consumer Comfort at Lowest Level Since Before Trump

Uh-oh.  The consumers might not be able to help restart the economy!  Why??  Because most American's don't have $1000! So unless the banks and government want to continue sending them "free" money...this recovery might be slow in coming.

U.S. consumer sentiment continued to sink rapidly last week, falling to the lowest level since before President Donald Trump was elected as the fallout from the Covid-19 pandemic continued to pound the economy.

The Bloomberg Consumer Comfort Index dropped another 5.4 points after a record 6.4-point slump in the previous week. The gauge has plummeted 18.5 points in the last four weeks, the largest such slide in 34 years of weekly polls. At 44.5, the index is the lowest since October 2016.

The subindex that measures views of the economy slumped 7 points in the period ended April 11, the second-largest decline after a record 10.6-point drop the previous week, to 37.4.

The gauge of the buying climate, which tracks attitudes toward spending, decreased 5.9 points to 37, the lowest since December 2015. With layoffs and business closings continuing, the personal finances subindex stands at a more than two-year low of 59.1 and has shed 12.1 points from its all-time high in late January.

From a partisan standpoint, the comfort index stands at a three-year low among Republicans, while it fell to the lowest since January 2017 for political independents. Democrats showed the least consumer comfort, with the index dropping to its weakest point since September 2012.

Here;  https://www.fa-mag.com/news/u-s--consumer-comfort-at-lowest-level-since-before-trump-elected-55220.html?section=43&utm_source=FA+Subscribers&utm_campaign=0e8b82d29e-FAN_AM_Send_112019_A-B+Split_COPY_01&utm_medium=email&utm_term=0_6bebc79291-0e8b82d29e-236452497

Interesting!  Turns out Democrats have the least consumer comfort.  Hmmmm....let's think about that....who do you suppose it going to be more willing to spend beyond their means and have nothing in savings?  Those folks who hold to personal responsibility?  Or those folks who believe they should spend every penny they have, then go into debt because they believe the "Government will take care of me no matter what I do!"

Can you see a pattern here?