Source: United Press International
“Consumer sentiment in the United States has hit another record low as Americans worry about the cost of life as gas prices continue to rise amid the war in Iran. A monthly University of Michigan survey found that consumer sentiment dropped 3.2% in the last month — from 49.8 to 48.2 — and was down 7.7% over the course of the year, the university’s Institute for Social Research said on Friday. Joanne Hsu, director of the university’s Surveys of Consumers, said that consumer sentiment is ‘essentially unchanged’ from April, while the current economic conditions survey dropped 9% because of high prices affecting personal finances and whether people will make major purchases.” (05/08/26)
https://www.upi.com/Top_News/US/2026/05/08/consumer-sentiment-april-record-low-prices/1261778265310/