The U.S. consumer sentiment, measured by the University of Michigan, has fallen to its lowest level in almost 11 years as of early March 2022, while the Treasury secretary predicts persistent high inflation for the year ahead. Preliminary results for the current month show the consumer sentiment index having a value of 59.7, which is…
US Consumer Sentiment Hits Lowest Point in Over a Decade
March 12, 2022
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Consumer Sentiment Falls to 10-Year Low on Omicron, Inflation Woes
January 28, 2022
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Sentiment among American consumers fell to a decade low in late January, with Michigan University’s monthly confidence survey blaming the decline on pandemic fears and worries about high inflation. The University of Michigan’s Consumer Sentiment index fell to a reading of 67.2 in January from 70.6 in December, pushing the gauge to its lowest reading…
Consumer Sentiment Drops Due to Surging Inflation, Pandemic Woes
Sentiment among American consumers fell in early January, with the University of Michigan’s monthly confidence survey blaming the decline on pandemic worries and concerns about high inflation. The University of Michigan’s Consumer Sentiment index fell to a reading of 68.8 in January from 70.6 in December, bringing the gauge closer to November’s level of 67.4,…
Two-Thirds of Americans Don’t Expect Personal Finances to Improve in 2022, Most Blame Inflation: Poll
Two-thirds of U.S. adults don’t expect their personal finances to improve in 2022, with more than half of this group blaming inflation for the pessimistic view of their future money situation, according to Bankrate’s December Financial Security Index. Twenty-six percent of Americans say their financial situation will get worse in 2022, including 18 percent saying their…
Inflation Worries Send US Consumer Confidence to Nine-Month Low: Conference Board
November 30, 2021
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Inflation concerns and, to a lesser extent, lingering worries about the pandemic drove U.S. consumer confidence down to a nine-month low in November, according to The Conference Board. The Conference Board’s consumer confidence index fell in November to a reading of 109.5, down from 111.6 in October, according to a Nov. 30 release. The downtick represents…
Inflation Woes Push Consumer Sentiment to Decade Low
U.S. consumer sentiment plunged to a decade low in November, according to a University of Michigan survey, which blamed inflation and a growing sense among Americans that no effective policies have been put in place to rein in surging prices. The university’s most recent consumer sentiment index fell to a reading of 67.4 in November, down…
84 Percent of Americans Who Say US Economy Is In Bad Shape Blame Inflation
A new CBS/YouGov poll showed that nearly two-thirds of Americans said the U.S. economy is in bad shape—the worst outcome since the depths of the pandemic last summer—while 84 percent of those who gave the economy a negative rating blamed inflation. The poll, carried out between Nov. 15-19 on a nationally representative sample of 2,058…
Inflation Worries Send US Consumer Confidence Plunging to 10-Year Low
November 12, 2021
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U.S. consumer sentiment plunged to a decade low in November, according to a University of Michigan survey, which blamed surging inflation and a growing conviction among American consumers that no effective policies have been put in place to tame runaway prices. The university’s consumer sentiment index fell to a reading of 66.8 in November, down…
Consumer Sentiment Edges up but Inflation Fears Send Buying Attitudes to 40-Year Low
U.S. consumer sentiment ticked up slightly in September but remains mired at near decade lows, while worries about inflation drove buying attitudes for household durables to a low reached only once before in 1980, according to a University of Michigan survey. The University of Michigan’s consumer sentiment index edged up to a reading of 71…
Consumer Confidence Falls to 6-Month Low on COVID-19 and Inflation Worries
U.S. consumer confidence fell in August to its lowest level in six months, driven by concerns about the spread of the Delta variant of the CCP (Chinese Communist Party) virus and surging prices. The Conference Board said in an Aug. 31 report that its consumer confidence index fell from a reading of 125.1 in July to…
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