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The collapse of US consumers: Unemployment expectations in the US are now ABOVE 2020 levels and at their highest since 2008. In 2024, a poll showed that a whopping 56% of Americans thought the US was in a recession. Is the US set to enter a recession? (a thread)

Below is a Harris poll conducted in May 2024, in the lead up to the election. 56% of Americans thought we were in a recession and 49% thought the S&P 500 was down YTD at the time. In reality, GDP growth was "strong" and the S&P 500 was up 12% YTD at the time of the poll.