đŸ‡ș🇾 US Households Struggling: Income Expectations Plummet

đŸ”» Income Expectations at 4-Year Low:

- Households now expect just a 0.8% income increase over the next year, down from 2.5% in Q1.

📉 Historical Context:

- Such a steep decline in income expectations has only occurred during the 2008 Financial Crisis and the 2020 Pandemic.

⚠ Consumer Sentiment:

- Real income perception is at its lowest in over a decade, even worse than 2020 levels.

💡 Impact:

- These grim expectations signal potential challenges for consumer spending ahead.