December 16, 2021
Surveys of Consumers finds inflation is central concern for American consumers
The early December release of the Surveys of Consumers found that American consumers are more worried about inflation than unemployment. Richard Curtin said, “When directly asked whether inflation or unemployment was the more serious problem facing the nation, 76% selected inflation while just 21% selected unemployment.”
See also Worried About Inflation? Here’s What That May Reveal About You in the New York Times, in which Dr. Curtin comments on presidents’ ability to control inflation: “Governments always think it is in their ability to quickly stop inflation and they never can.”