Americans are still in post-COVID travel mode, strategist says
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- Опубликовано: 3 окт 2024
- The Conference Board reported consumer confidence to have fallen in June to 100.4 from 101.3 the month prior. June's print comes just above expectations of 100.0.
Huntington Commercial Bank Director of Economics and Commercial Market Strategist Ian Wyatt sits down with Market Domination's Julie Hyman and Josh Lipton in-studio to talk about what the consumer confidence data reflects about the state of the US consumer and general consumer spending.
"I think Americans are still in that post-COVID, almost euphoric reaction to 'I was tired of sitting at home, I want to get out there and hit the road, and we're traveling internationally.' I think we're up about 20% year-on-year [in] international travel. We're seeing it in domestic travel," Wyatt says. "At the lower end, the consumers who rent, the consumers who were for a while getting the biggest raises. [From] about 2015 to 2023, you are seeing the bottom 25% of Americans were getting the largest percent increase in wages, they are feeling some stress."
Wyatt also weighs in on the political interpretations of consumer data and patterns in manufacturers.
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Really? Because every single data point shows travel has fallen off a cliff.
I see the same thing. I think if they took extreme measures and cut government spending by 50% or more and reduce the size of the feds by the same maybe in 20 years we could see out of this hole.
@@oreillysc1 You and I both know there is a 0% chance of that happening.
@@nickvin7447 sadly your right. Even if one administration did we need the 4-5 administration to continue and I consider winning the lottery as better odds
@@oreillysc1 which it is.
Except people continue to travel more than ever - this past Sunday clocked in the highest numbers of passenger per TSA almost 3Million - too bad your partisan narrative has no legs to stand on LOL
People who appear in these videos are elite of human world. They are wealthy. You do not know poop, you do not see poop. just following "their" actions and numbers.