High gas prices, cost of living send US consumer sentiment to all-time low

” Joanne Hsu, director of the university’s Surveys of Consumers, wrote in a statement.

Consumers’ personal finances sank by 13% in May, she said.

The University of Michigan’s sentiment survey dates back to 1952: Americans are feeling worse now than they did during wars, the 1970s oil crisis, 9/11, the Great Recession, the Covid-19 pandemic and the inflation continue reading …