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Jill On Money: Consumers are miserable, but resilient
All demographic groups reported weaker views as war in the Middle East pushed the University of Michigan index to its lowest reading ever.
- The University of Michigan Consumer Sentiment Index fell to its lowest level ever recorded, as war in the Middle East caused demographic groups across age, income, and political party to feel pessimistic.
- Jill Schlesinger Americans state that people are having a "strange economic moment," citing high prices and an "emotional hangover" from recent years.
- Consumers are still spending at a good clip, as retail sales rose despite gloomy sentiment, excluding autos and gasoline stations.
- Wages have accelerated, making it easier for households to absorb costs and serving as a notable exception to the negative sentiment data.
- Housing affordability has plummeted, creating a significant burden for families, and this sector continues to weigh heavily on overall consumer confidence.
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23 Articles
23 Articles
Montana Standard+22 Reposted by 22 other sources
Jill On Money: Consumers are miserable, but resilient
Americans are having a strange economic moment. We feel bad – really bad. The University of Michigan Consumer Sentiment Index fell to its lowest level ever recorded, as war in the Middle East caused all demographic groups across age, income,…
Coverage Details
Total News Sources23
Leaning Left1Leaning Right1Center21Last UpdatedBias Distribution91% Center
Bias Distribution
- 91% of the sources are Center
91% Center
C 91%
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