The last time California consumers were this worried about their financial futures, the statewide median-priced home cost $379,000.
You have to go back to 2013’s first quarter to find a time when the measure of “expectations” within the Conference Board’s California consumer confidence index was lower than 2024’s second quarter average.
Yes, that’s just a little over 11 years ago. When the nation was still shaking off Great Recession rust. When the Dow Jones stock index hit 14,254 ...