Rising wages drives both optimism, pessimism on inflation. Consumers voiced much more positive views in April, rising 9.8% above March, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index rose to 65.2 in April, up from 59.4 in March, but well below last April’s 88.3—so far, President Biden’s peak. The Expectations […]

Concerns about inflation’s impact on personal finances and its impact on the economy as a whole worry U.S. consumers. Consumer sentiment fell in February to its lowest level in the past decade, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 62.8 in the February 2022 survey, down from […]

Preliminary results for February show sentiment down over 8% from January and nearly 20% from last year. Consumer sentiment continued its downward descent in early February, reaching its worst level in a decade, falling a stunning 8.2% from last month and 19.7% from last February according to preliminary results released this morning by the University […]

University of Michigan study shows one in four consumers cited inflation eroding living standards in November. Consumers expressed less optimism than any other time in the past decade, including more negative prospects for their own finances as well as for the overall economy, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment […]

University of Michigan survey remains at lows recorded during last year’s government shutdowns. After returning a slight increase in September, consumer sentiment returned to its declining trend in preliminary October results. The survey’s chief economist is now raising concerns about what the declines hold for consumer spending next year. Consumer sentiment is viewed as a […]