Americans Still Feel Worse About the Economy than at Almost Any Point in Modern History
The University of Michigan said 12-month inflation expectations rose to 4.6% as views of personal finances weakened about 10%.
- Revised data from the University of Michigan on Friday showed U.S. consumer sentiment reached 48.1 in September, an upward revision from the preliminary 47.8 reading but still below economists' 47.6 forecast.
- Consumer sentiment slipped to a four-month low this month, down from 51.7 in August, as households grew concerned that rising inflation would erode purchasing power and weaken personal finances by about 10%.
- Survey respondents' one-year inflation expectations increased to 4.6% from 4.0% in August, while five-year expectations edged up to 3.4% after holding at 3.3% for three months.
- Joanne Hsu, director of the Surveys of Consumers, noted broad agreement across the political spectrum that the economic outlook has weakened, with Republican sentiment down 20% and Democrats down 13% since January 2026.
- The overall index remains 15% lower than in January, reflecting persistent economic unease despite the upward revision from the preliminary estimate released earlier this month.
24 Articles
24 Articles
The University of Michigan's US consumer sentiment index fell to a four-month low in September.
The United States consumer sentiment index fell to 48.1 points in September, before 51 in August, but above the preliminary reading for the ninth month, of 47.8, according to data released this Friday by the University of Michigan. Some analysts expected a reading of 47.8 points. Subject exclusive to subscribers. To have full access, access the link of the subject and register.
(New York = Yonhap News) Correspondent Kim Yeon-sook = U.S. consumers' economic sentiment has declined due to the burden of high inflation and concerns about a future economic slowdown.
Americans still feel worse about the economy than at almost any point in modern history
By Alicia Wallace, CNN (CNN) — US consumer sentiment fell to its second-lowest level on record in September as high gas prices further soured Americans’ views of the economy. The University of Michigan’s consumer sentiment index for September dipped to 48.1, notching a 7% decline from August and a nearly 13% drop from a year
U.S. Consumer Sentiment Drops Less Than Previously Estimated In September
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by less than previously estimated in the month of September. The University of Michigan said its consumer sentiment index for September was upwardly revised to 48.1 from a preliminary reading of 47.8.
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