3min chapter

Moody's Talks - Inside Economics cover image

Consumer Sentiment and Sentimental Farewell

Moody's Talks - Inside Economics

CHAPTER

Are You a Pessimist?

Sally Kohn: What I've been watching really closely is older adults. It feels like they kind of get how inflation is likely to play out and affect their finances in a way that younger adults don't. And we're starting to see that essentially sort of trickle down like a waterfall effect to hit other age groups, she says. She asks whether it could be the case that this recent weakness you're seeing, particularly among older Americans, is related to the weakness in the equity market?Kohn: So very possible.

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