Consumer sentiment slumps to 3-year low on shutdown, economy fears

How could worsening consumer sentiment affect the economy?

Sentiment dropped this month to a near-record low, It is a sign that shoppers may be wary of the current economy, especially because of the shutdown.

Consumer sentiment slumps to 3-year low on shutdown, economy fears

The decline in consumer sentiment this month spanned all population categories, including age, income and political affiliation, the University of Michigan found.

Americans’ Confidence in Economy Hits 30-Year Low as Shutdown Takes a Toll - Mahomet Daily

Americans are feeling increasingly pessimistic about the economy. A new survey from the University of Michigan shows that optimism about the future fell sharply in November, driven largely by anxiety over the month-long federal government shutdown and concerns about what it means for jobs and the economy. The Index of Consumer Sentiment dropped 6% from October to 50.3, a 30% decline compared to November 2024. The survey, which tracks how America…

High Income Consumers’ Sentiment Improves; Government Shutdown Impacting Shoppers: US Consumer Survey Insights

How is US consumers’ sentiment and shopping behavior changing amid new tariffs? We review our latest US consumer data on consumer sentiment and impact of Federal Government Shutdown.The post High Income Consumers’ Sentiment Improves; Government Shutdown Impacting Shoppers: US Consumer Survey Insights appeared first on Coresight Research.

Americans Losing Faith in the Economy

(AURN News) — In another sign of trouble for the economy, new data suggests that despite political claims of strength, many Americans are asking: Strong for whom? The University of Michigan’s Surveys of Consumers show growing concern about the health of the U.S. economy among everyday Americans. So far in November, overall consumer sentiment has dropped 6%, while views of personal finances are down 17%. Expectations for business conditions in th…