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| Jokers Wild |
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Trump’s cost-of-living crisis sends consumer confidence to record low 05/23/26 01:39 PM
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The University of Michigan's Surveys of Consumers reported that its Consumer Sentiment Index fell to a final reading of 44.8, an all-time low
Lucia Mutikani Friday 22 May 2026 16:29 BST
American consumer confidence plummeted to an unprecedented low in May, driven by soaring gasoline prices linked to the conflict with Iran, which intensified anxieties over the escalating cost of living.
The University of Michigan's Surveys of Consumers reported that its Consumer Sentiment Index fell to a final reading of 44.8, an all-time low.
This figure is down from 48.2 earlier in the month and 49.8 in April, significantly missing Reuters economists' forecasts for the index to remain unchanged at 48.2.
https://www.independent.co.uk/us/money/consumer-confidence-trump-economy-poll-b2982104.html
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