Confidence in the economy dipped to negative 33 in December, the lowest level recorded in President Trump’s second term, according to a new poll.
Gallup’s Economic Confidence Index — which reflects Americans’ views of current economic conditions and their future outlook — dropped 3 points from negative 30 in November, after falling from negative 23 in October. In August and September, the index held at negative 20, according to the data.
DramaticSimple4315 on
let’s wait until some dust settles on current growth figures, which are wild to say the least – though there has been somewhat of a growth acceleration in the rest of the developed world as well in the second half of 2025. But because of bureaucratic mayhem, the lack of available figures to accurately gauge inflation, the rapid structural change imposed to the economy, we might be looking at completely different figures 6 months or a year from now.
The fact that the bulk of this growth comes from the end of subsidies on electric vehicles, or investment in data centers, more generally from the well-off who are ennjoying the wealth effect of financial markets at historic valuation highs does not indicate a particularly healthy outlook. Remember that in the second half of 2023, growth was humming at a 5% clip, yet everybody complained.
This makes me think about the Turkish syndrome. The populist and corruption-happy Erdogan regime has turbocharged domestic inflation, and seen the turkish lira gradually tumble against the euro. Turkey has routinely seen annual growth rate of more than 5% over the past 15 years. Yet everyoone is getting poorer beucase of the dreadful macroeconomic situation. Empty calories growth. There might be something of this effect for the US, especially as the bottom two thirds live in a different dimension.
[deleted] on
[deleted]
Moobygriller on
This isn’t remotely surprising considering the cost of absolutely everything is skyrocketing for adults in the US. There’s no tax breaks for adults (but there are plenty for the leeches of society such as billionaires who don’t need them).
I wrote off a WHOPPING $700 last year for paying $32,000 for my son’s daycare. How on Earth is that fair? I pay for his daycare so I can work and pay taxes – what the fuck are we getting in return? A shitty few bucks back and now, not only are taxes ridiculously high, your money doesn’t go as far now because inflation is extreme. However, it’s totally ok for custom jumbo jets, quarter of a billion dollar ballrooms, fucking golden aircraft carriers, and the list goes on and on.
This is widespread
getmeoutoftax on
Hard to feel positive when every other leading headline is about imminent mass unemployment due to AI. I’m seeing people who are insistent that AI will replace most jobs within the next eighteen months. I think that’s way too soon, but there are a lot of voices who believe this. It creates a lot of anxiety.
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From the article:
Confidence in the economy dipped to negative 33 in December, the lowest level recorded in President Trump’s second term, according to a new poll.
Gallup’s Economic Confidence Index — which reflects Americans’ views of current economic conditions and their future outlook — dropped 3 points from negative 30 in November, after falling from negative 23 in October. In August and September, the index held at negative 20, according to the data.
let’s wait until some dust settles on current growth figures, which are wild to say the least – though there has been somewhat of a growth acceleration in the rest of the developed world as well in the second half of 2025. But because of bureaucratic mayhem, the lack of available figures to accurately gauge inflation, the rapid structural change imposed to the economy, we might be looking at completely different figures 6 months or a year from now.
The fact that the bulk of this growth comes from the end of subsidies on electric vehicles, or investment in data centers, more generally from the well-off who are ennjoying the wealth effect of financial markets at historic valuation highs does not indicate a particularly healthy outlook. Remember that in the second half of 2023, growth was humming at a 5% clip, yet everybody complained.
This makes me think about the Turkish syndrome. The populist and corruption-happy Erdogan regime has turbocharged domestic inflation, and seen the turkish lira gradually tumble against the euro. Turkey has routinely seen annual growth rate of more than 5% over the past 15 years. Yet everyoone is getting poorer beucase of the dreadful macroeconomic situation. Empty calories growth. There might be something of this effect for the US, especially as the bottom two thirds live in a different dimension.
[deleted]
This isn’t remotely surprising considering the cost of absolutely everything is skyrocketing for adults in the US. There’s no tax breaks for adults (but there are plenty for the leeches of society such as billionaires who don’t need them).
I wrote off a WHOPPING $700 last year for paying $32,000 for my son’s daycare. How on Earth is that fair? I pay for his daycare so I can work and pay taxes – what the fuck are we getting in return? A shitty few bucks back and now, not only are taxes ridiculously high, your money doesn’t go as far now because inflation is extreme. However, it’s totally ok for custom jumbo jets, quarter of a billion dollar ballrooms, fucking golden aircraft carriers, and the list goes on and on.
This is widespread
Hard to feel positive when every other leading headline is about imminent mass unemployment due to AI. I’m seeing people who are insistent that AI will replace most jobs within the next eighteen months. I think that’s way too soon, but there are a lot of voices who believe this. It creates a lot of anxiety.