US consumer confidence in real income growth hits 2-year low, with 72% expecting inflation to outpace earnings over the next year.
Macro & Markets ·
Consumer expectations for real income growth have reached a two-year low, with only 8% of Americans anticipating earnings will outpace inflation over the coming year. This metric dropped 10 percentage points since November 2024, while the share expecting inflation to exceed income growth rose to 72%, marking the highest level in at least two years and up from 58% in the prior period.