Gallup poll reveals high inflation and struggling economy, July 13, 2014, Almost 60 percent paying more for groceries gasoline, 42 percent paying more for healthcare

Gallup poll reveals high inflation and struggling economy, July 13, 2014, Almost 60 percent paying more for groceries gasoline, 42 percent paying more for healthcare

“If you’ve got health insurance we’re going to work with you to lower your premiums by $2,500 per family per year.”…Barack Obama

“We can’t drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times… and then just expect that other countries are going to say OK”…Barack Obama

 

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”George Orwell, “1984″

 

I am certain you have been reading the horse poop about the improving economy, lower unemployment rate and low inflation.

I am also certain that informed readers and certainly frequenters of Citizen Wells have dismissed the Orwellian brainwashiong attempts.

Here is more evidence of what you already know and have experienced.

From Gallup July 11, 2014.

“Consumers Spending More, Just Not on Things They Want
Groceries, gasoline top list; leisure, travel, dining out at bottom”

“Slightly less than half of all Americans (45%) report spending more than they did a year ago, while 18% report spending less. A closer look at these numbers reveals Americans’ increased spending is on household essentials, such as groceries, gasoline, utilities, and healthcare, rather than on discretionary purchases.

The Items Americans Spend Money on, Summer 2014

At the other end of the spectrum, roughly one-third of Americans report spending less on discretionary items such as travel (38%), dining out (38%), leisure activities (31%), consumer electronics (31%), and clothing (30%). More than half of Americans say they are spending about the same for rent or mortgage, household goods, telephone, automobile expenses other than fuel, personal care products, and the Internet.

All of this suggests that the increasing cost of essential items is further constraining family budgets already hit hard by the Great Recession and still reeling from a stagnant economy. This is the first time Gallup has measured household spending in this way, so it is unclear whether the current patterns are typical, or if the results on discretionary spending are better now than during the recession. Gallup’s daily measure of consumer spending has been significantly higher the last two years than in 2009 through 2011 — although this could be partly the result of higher spending on essentials.”

“These results paint a picture of consumers straining against rising prices on daily essentials to afford summer travel, dining out, and discretionary household purchases — the kinds of purchases that ordinarily keep an economy humming. And while the two-thirds of Americans who plan to travel this summer is the highest level Gallup has measured since 2006, nearly one-third plan to spend just one night or less away from home, meaning it is not much of a vacation.

Those who do intend to travel this summer expect to spend more in all travel categories — transportation, food, lodging, and entertainment — than last year, further pressuring their already-strained budgets. Most will take their own cars despite relatively high gas prices. If there was any doubt that the U.S. economy is still struggling to get back on its feet, the results of this poll reinforce that reality. Because consumer spending is the lifeblood of a healthy economy, these findings suggest that discretionary spending still has a ways to go before it will fuel the kind of economic growth Americans have been hoping for.”

GallupSpending2014

Read more:

http://www.gallup.com/poll/172532/consumers-spending-not-things.aspx

 






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