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Gas Pain Pushes US Consumer Confidence to Record Low, UMich Finds

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Source: CNN
Gas Pain Pushes US Consumer Confidence to Record Low, UMich Finds
Photo: CNN
TL;DR Summary

The University of Michigan’s May reading shows US consumer sentiment at a record low of 44.2, driven by high gas prices and inflation; expectations for future inflation rose and pessimism is strongest among lower-income and less-educated Americans amid oil-price shocks and ongoing affordability concerns.

Topics:business#affordability#consumer-sentiment#economy#gas-prices#inflation#university-of-michigan-survey
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  1. High gas prices, cost of living send US consumer sentiment to all-time low  CNN
  2. Poll shows voter confidence in economy plummeting to a nearly 4-year low  The Washington Post
  3. Consumer sentiment hits fresh record low in May as Iran war fuels inflation worries  CNBC
  4. Inflation Angst Spreads as Rising Gas Bills Spook Consumers  Bloomberg.com
  5. Consumer Sentiment Drops to New Low, University of Michigan Survey Finds  WSJ

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