The gap in consumer sentiment in California is striking: while statewide confidence reaches a 19-month high, a majority fears bad financial times ahead, highlighting contradictory views on the economy.
Despite the 19-month high in consumer confidence, a significant 61% of Californians anticipate financial hardships in the upcoming year, indicating persistent economic concerns despite recent optimism.
The latest PPIC poll shows that while 61% of Californians expect bad times, this figure is actually an improvement from 68% in June, revealing a complex sentiment trend.
Historically, Californians' economic outlook has fluctuated significantly; the current 61% expecting tough times is among the least negative readings in recent memory, contrasting sharply with the 80% back in June 2020.
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