Has the “Vibecession” Finally Ended with a Soft Landing?

Real Estate News: Real Estate Investing Podcast

Many consumers believe we have been in a recession for more than a year, but economists say that’s not what the data is showing us. They say consumer’s have mistakenly believed the economy is weaker than it is like a “bad vibe” or “vibecession.” But with inflation coming back down to earth and rate cuts on the horizon, those bad vibes are starting to disappear.

A recent report on consumer sentiment shows that three out of five Americans mistakenly believe we have been in a recession for more than a year now. The survey was done by Affirm in June with responses from 2,000 adults. The biggest reasons for feeling this way boil down to higher prices and tougher times making ends meet.

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The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.NewsForInvestors.com

REFERENCES: 1 - https://www.cnbc.com/2024/09/09/the-vibecession-is-ending-economists-say.html?__source=realestate%7cnews%7c&par=realestate 2 - https://www.cnbc.com/2024/08/12/59percent-of-americans-think-the-us-is-in-a-recession-report-finds.html 3 - https://www.cnbc.com/2024/09/11/cpi-inflation-report-august-2024-.html