Consumer Sentiment Sinks to Its Lowest Level ON RECORD Since the Report was First Introduced in the 1970s Plunging 8.2 Points in May to a New All-Time Low
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 …