California consumers show unprecedented despair, with a consumer confidence index not this low since May 2020, reflecting deep economic anxiety driven by high interest rates and job losses.
California's 'present situation' index reveals a staggering 22% drop in two months and a concerning 32% drop compared to the past year, marking a stark contrast to the nation's far milder skittishness.
While California faces a 24% decline over the past year, the national scene shows a mere 5% decrease, underscoring a broader economic divide between California and the rest of the U.S.
Severe drops in California's future finance expectations by 16% over the year starkly contrasts with a national increase, indicating a burgeoning disparity in economic outlooks.
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