Summary
The U.S. economy grew quickly in the third quarter of the year, and gas prices dropped below three dollars per gallon. However, many Americans do not feel optimistic about the economy, with concerns about high living costs, job security, and trade policies. A significant part of the economic growth came from the tech sector, particularly in data centers and cloud services.
Key Facts
- Gas prices fell below three dollars per gallon in December.
- The U.S. economy grew by 4.3% in the third quarter, the fastest in two years.
- Consumer confidence has decreased, with a key index falling to 89.1 in December.
- Many Americans worry about expenses like rent, groceries, and car payments.
- Economic growth was driven significantly by the tech sector, especially data centers.
- President Trump’s tariffs are partly credited for the economic growth.
- Tariffs act like a sales tax on imports, raising prices but encouraging domestic investment.
- Concerns about tariffs, inflation, and jobs are top worries for consumers.
