THENATIONALPULSE (Pulse Wires) - U.S. Consumer Sentiment Hits Record Low.
Consumer sentiment crashed to a record low of 49.8 in April according to the University of Michigan's Consumer Sentiment Index. This marks the lowest level since data collection began in 1978 with economic pessimism cutting across political party, education, age, and socioeconomic dividing lines.
Consumer sentiment in the U.S. has plummeted to its lowest level since 1978, driven by economic uncertainties stemming from the Iran war . PULSE POINTS WHAT HAPPENED: Consumer sentiment crashed to a record low of 49.8 in April, according to the University of Michigan’s Consumer Sentiment Index. This marks the lowest level since data collection began in 1978. DETAIL: The University of Michigan’s Consumer Sentiment Index is a consumer confidence report published monthly by the university’s Institute for Social Research. The index incorporates data gathered through questions about individual economic circumstances, as well as short- and long-term economic expectations. In the most recent survey, published on Friday, the Index revealed…Open