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Americans are more pessimistic than ever about the economy – what now?

June 5, 2023

A new survey has found that Americans are more pessimistic than ever about the economy.  CNBC’s Steve Liesman says the poll numbers are the worst ever…do feelings like this and times like this make people sit still, or take action?  Is that the right decision?

Then, a year ago, I Bonds captured a lot of attention.  The U.S. Savings Bonds that are tied to inflation paid a 9.6% interest rate last May.  Six months later, the rate went down to 6.89%.  And beginning this month, I Bonds will pay a lower rate of 4.3% for the next half year.  For those who previously plowed money into I Bonds, are they now better off putting their cash elsewhere?  

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