Connect with us

Headlines

Consumer Sentiment Reaches Record Low

47% of consumers blame inflation for “eroding their living standards.”

mm

Published

on

Amid inflation worries and a considerable interest-rate hike from the Fed, consumer sentiment dropped to a new low in the University of Michigan survey which tracks it.

The index for June fell to 50, a steep decline from the 58.4 reading that was registered in May.

“Inflation continued to be of paramount concern to consumers; 47% of consumers blamed inflation for eroding their living standards, just one point shy of the all-time high last reached during the Great Recession,” Joanne Hsu, Director of the University of Michigan’s Survey of Consumers, wrote in her synopsis of the results.

Those surveyed expect year-ahead inflation of 5.3%. Expected long-run inflation is 3.1%.

SPONSORED VIDEO

Meet the Next Generation of Smart Glasses

Ray-Ban Meta is now available with a full range of lenses, as a complete pair or edged lens. Prescription orders eligible through select insurance providers, including Eyemed and private pay. The Ray-Ban Meta collection combines iconic design with cutting-edge technology. Capture life’s best moments and livestream to Facebook and Instagram with an upgraded 12 MP camera and five-mic system. Stay connected with hands-free calls and messages. Listen to your favorite tracks through built-in speakers. Spark your creativity, get information and control your glasses with your voice – powered by Meta AI. All while keeping your phone in your pocket. For more information, visit here.

Promoted Headlines

Advertisement

Advertisement

Subscribe

INVISIONMAG.COM
BULLETINS

Get the most important news and business ideas for eyecare professionals every weekday from INVISION.

Advertisement

Advertisement

Most Popular