I Can’t Buy a House. I Can’t Shop. I’m Too Worried About the Election.

Published On Oct 20, 2024, 5:01 AM

The article discusses how impending presidential elections create anxiety among consumers, leading to hesitation in making major purchases like homes, cars, and other big-ticket items. This phenomenon, termed the "election shopping slump," is driven by uncertainty regarding potential changes in tax policy and economic conditions that may result from the election outcome. With high inflation and interest rates already affecting the economy, many people are choosing to postpone their purchases until after the election, resulting in a 'deer-in-the-headlights' attitude among buyers.