Consumer sentiment hits all-time low, personal finances down 13%
May 23, 2026
70,774
1,039
571
2.27%
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12:17Now PlayingConsumer sentiment hits all-time low, personal finances down 13%
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as posted by the channelA closely watched measurement of US consumer sentiment fell to a fresh, all-time low in May, according to the latest survey from the University of Michigan.
“The cost of living continues to be a first-order concern, with 57% of consumers spontaneously mentioning that high prices were eroding their personal finances, up from 50% last month,” Joanne Hsu, director of the university’s Surveys of Consumers, wrote in a statement. Consumers’ personal finances sank by 13% in May, she said.
Erin Burnett interviews analysts Dan Ives and Peter Tuchman, and the CNN "NewsNight" panel debates the reasons behind the new numbers.
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#Economy #CostOfLiving #News
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