Despite reasonably good economic reports and slight declines in inflation,
the Conference Board released the September Consumer Confidence
Report.
Not good.
All five components of the Index declined at the greatest rate since
August 2021.
The cost of daily living is up across the board
The story here seems pretty simple to us. Summer is over – kids are back
in school, and families are preparing for the November and December
Holiday Season. Getting kids back in school is expensive. Kids school
activities mean more transportation and childcare pressure on parents.
Gas prices have gone up across America over these past few years and
the trouble in the Middle East is putting more pressure at the gas pump.
Grocery costs are escalating as are the costs for insurance and housing.
Interest rates rose faster in 2021 and 2022 than any time in recent history
and consumers are having to use their credit cards more and more to pay
for normal goods and services. On that subject, credit card debt in
America has swelled to over $1.34 TRILLION. That’s 5.8% higher than
2023. The average credit card interest rate in the second quarter of 2024
was 22.76%.
Staggering!
Those are big reasons why Consumer Confidence is waning. Add to that
growing impingement of homeownership opportunity, which has created a
new class of “involuntary renters”, and you have a formula for distress.
Consumers are obviously expressing their concerns through these
Consumer Confidence Surveys.
But that’s not enough. If you are one of the consumers in America that feel
more stress – more concern – more worry – please allow us to help you do
something about it.
America’s Homeowner Alliance can help solve some of these problems.
Remember – our Alliance is for existing and future homeowners (that
includes renters).
All we need is more members, more voice, more solidarity. We are
confident we can impact many of these challenges in a positive way. On
issues impacting your daily life – we intend to help. Whether it’s interest
rates, housing, jobs, wages, insurance, taxes or other key issues, with a
big enough membership – we WILL make a difference on these issues.
Tell your friends – neighbors – relatives. Membership is free for the next
five million people. That’s our goal for 2025.
“Five in Five”
That means five million new members between now and 2025.
America’s Homeowner Alliance brings solidarity – passion – purpose –
strength – and common sense.
We’ll start with trying to turn Consumer Confidence the other direction –
we’ll work to achieve lower interest rates and increase housing
opportunity.
With enough members – victory will be inevitable.
Join us at: www.myaha.com, and sign our petition for increased
homeownership, economic growth, and generational wealth creation.
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