Consumer Sentiment

Consumer Sentiment Crashes to Lowest Level in 10 Years

The confidence of Americans in the economy suffered an unexpected severe collapse in the first weeks of August. The University of Michigan’s Consumer Sentiment index fell to 70.2 from the end of July score of 81.2, the lowest score since

US President Joe Biden speaks next to a Jeep Wrangler Rubicon 4xe after delivering remarks on the steps his Administration is taking to strengthen American leadership on clean cars and trucks on the South Lawn of the White House in Washington, DC, on August 5, 2021. (Photo by JIM WATSON …

Consumer Sentiment Holds Steady But Partisan Divide Deepens

How an American consumer feels about the economy increasingly depends on politics. The University of Michigan’s index of consumer sentiment was virtually unchanged from its midmonth reading and September, hitting 81.8. That is 14.3 percent below the year ago level.

Democratic Presidential candidate and former US Vice President Joe Biden (R) and US President Donald Trump take part in the first presidential debate at Case Western Reserve University and Cleveland Clinic in Cleveland, Ohio, on September 29, 2020. (Photo by Morry Gash / POOL / AFP) (Photo by MORRY GASH/POOL/AFP …