The University of Michigan Surveys of Consumer Sentiment sank to its lost level on record since the numbers were first reported in the 1970s.
The latest number slumped to 50.2 as inflation hit record highs and gas prices continue to soar into unchartered territory.
June’s number of 50.2, announced on Friday, was much lower than the 58.1 that was expected.
Throughout 2019 the average number as around 96.0.
The number was down 14% since May.
Americans are not fooled by the empty rhetoric of the Biden regime and their lapdogs in the media.
I’m a consumer, have been for 71 years. I don’t have any sentiment anymore; just despair and hopelessness. At my age my main worry is if I will live long enough to see any recovery from this Biden crap.
Although we are in the 21st century of the roaring 20s, it sure looks like history repeating itself from the 1920s.
Arent we suppose to read and heed history so we dont repeat it?
Damn.