U.S. citizens, worried about the state of the economy, are now planning to spend less on buying holiday gifts and cut down on shopping this holiday season. According to a survey by the University of Michigan, consumer sentiment declined 15.7 percent year-on-year to 56.8 in November. On a monthly basis, it fell by 5.2 percent….
Americans Worried About the Economy Plan to Spend Less on Christmas Gifts: Survey
November 25, 2022
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Business & Marketsconsumer sentimenteconomic recessioneconomyhigh inflationHoliday Shoppingpersonal financepersonal savings raterecessionuniversity of michigan surveyUS
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US Consumer Sentiment Hits Lowest Point in Over a Decade
March 12, 2022
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Business & Economyconsumer sentimentinflationMarketsSecretary Janet Yellenuniversity of michigan surveyUSUS News
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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…
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