The last time California consumers were this worried about their financial futures, the statewide median-priced home cost $379,000. Yes, that's just a little over 11 years ago.
California expectations dropped 5% in the past year amidst political tension, job losses, Federal Reserve actions, affecting consumer spending and overall business climate.
Nationwide, consumer confidence is at a two-year low despite a mixed view on present situations, showing a gap between sentiments and actual spending behavior.
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