U.S. consumer sentiment falls to all-time record low

U.S. consumer sentiment deteriorated in June to the lowest level ever recorded due to rampant inflation and dim prospects for the American economy.

Inflation

Xavier Fontdegloria for MarketWatch:

The final estimate of the consumer sentiment index published Friday by the University of Michigan came in at 50.0 in June, down from 58.4 in May.

The reading marks the lowest point since the inception of the survey in the late 1940s.

Inflation continued to be of paramount concern to consumers, with 47% of those polled blaming high price growth for eroding their living standards, said Joanne Hsu, the survey’s director.

The index measuring Americans’ assessment of the current economic conditions decreased to 53.8 in June from 63.3 in May, below the preliminary early-month reading of 55.4.

The index of consumer expectations, which reflects the balance of respondents anticipating improved business conditions in the next six months, declined to 47.5 from 55.2 the previous month.

Consumers across income, age, education, geographic region, political affiliation, stockholding and homeownership status all posted large declines, Ms. Hsu said. About 79% of consumers expected bad times in the year ahead for business conditions…

MacDailyNews Take: Good times!

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33 Comments

  1. We are taking America back and Making America Great Again today and this November!

    The tragic Roe v. Wade error has finally been corrected!

    If you want to murder babies, voters in your state must have a say. You will need to convince your fellow citizens to allow you to murder babies by electing state reps who will vote for baby murder laws in your state. It’s not a federal issue; voters, not judges, must decide.

    1. Abortion has been around longer than the concept of a country so if you think this ruling ultimately means anything is just silly, ya troll. Abortion isn’t nursery because another person isn’t involved? Why is that? Because there is no birth certificate. There’s no dependent. You can’t file an unborn bundle of goop as a dependent with the IRS. They ain’t people bruh. It’s so funny to see religious perverts latch onto an issue and put so much effort into it like they are going make any significant stops to it.

      1. One person's bundle of goop, is another person's child... if you Let It Be, Let It Be, Let It Be, Let It Be, Whisper words of encouragement, Let It Be...

        I always hear, “My body. My choice”. Wasn’t that choice made when your body legs were spread for a guy who couldn’t keep it in his pants?

        Abortion is about murdering life’s process because, for the majority, they don’t want to deal with the consequences of their actions because they can’t be inconvienced.

        Hell, if it is about inconvenience, let’s have late, late, late, late term abortion why don’t we, and talk about your bundle of goop, apply to the 79 year old nut job with the crack addict son.

        1. Hahaha you had no response to science and legal precedent for your murder claims. Predictably, you can only blame women for their choice to get an abortion. Pathetic fascist.

        2. Yeah, simple. Because rape and incest aaaaaaaaalways ask to be victims. And every zygote is sacred, even if it has defects. And no republicans have ever gotten an abortion …… because they all have such a great track record of supporting underprivileged children. suuuuuuure.

        3. When seeking an abortion, what percentage of abortions are due to rape and incest? For that matter, life of the mother? Miscarriage? Child birth defects? And just plain ole messing around without consequences?

          I know which one has the highest percentage. So much for the abortion argument of safe, legal and RARE!

          https://abort73.com/abortion_facts/us_abortion_statistics/

        1. Actually, despite your history of crude & rude ill-substantiated opinionation here, you have chosen with this statement to side with over 70% of Americans of all political persuasions. The life of the healthy population is measurably improved if the overpopulation isn’t exacerbated by unwanted, poor health, undereducationed children added to the already strained planet. Dozens of studies have proved this and even you can do the math.

          Most of the you don’t have firsthand knowledge of life before 1973. It will come as a shock to some absolutist thinkers when society will suddenly have to budget for a dramatic increase in foster child care (no matter how badly you want to ignore it, this is always taxpayer funded) or witness a surge in impoverished single-mother households because the deadbeat fathers are long gone. The massive infrastructure that used to exist to warehouse abandoned children is gone today but at one time it was a nasty stain on every community. Some churches literally had drop-off windows to receive anonymous children. State wards ran prison-like homes for children. This is what has happened when ob-gyn services aren’t made available and every fetus is given greater (yes, this is literally the case here) legal status than the mother.

          Not my ethical preference, but it is objective reality. In most nations of the world, the woman and her doctor have no healthcare interference from the state and she alone has to live with her decisions. Be careful what we wish for, because we might get it … and have to pay for it.

        2. “…side with over 70% of Americans of all political persuasions.”

          Fact – it does not matter what the people want. Only the Constitution and the law matters

          Something libturds don’t understand

      2. Nah, it’s good…the sentiment, that is. As long as the President of the Free World is provided a list (cheat sheet), we’ll move out of these challenging times with aplomb.

      3. Thayer’s ignorance and selfishness knows no bounds. Study Hitler’s “progressiveness” and you’ll find that the famous animal lover (yes, he was, immensely so) began with designating (through his rigged courtroom justices: sound familiar?) the mentally handicapped as unworthy and too expensive to allow to live. Next came those with physical deformities and crippling ailments. Next came the Jews. Next came those who aided Jews in evading the Nazi Jew hunters. Next came the Downfall of the entire Third Reich.

        You would fit in quite well there, Thayer, if you survived to adulthood. Or, you could be like your hero Geo. Soros, who aided in the death camps as a mid-teen aged fellow. Enjoy your journey to Hell you f***ing ghoul.

      4. You disgusting piece of slime and little man. Religious people are the finest people on Earth, not “perverts” you moron and you are to stupid to know the definition of “pervert” not even applicable here.

        A developing human being is a baby, not a “bundle of goop” another word not applicable here you lowlife scumbag.

        If your mother had an abortion, instead of righteously choosing life, the gene pool of the human race would certainly be better for it.

        Oh and BTW, Brainless Biden achieved another all-time record in his presidency along with the lowest approval rating in history.

        The leftist losers are LOOSING. MAGA…

    2. Yes, the WORST Supreme Court decision in HISTORY falsely reasoned during the heady days of bra burners and bell bottoms, the infamous “Don’t Say Baby” law, is resting where it belongs in the dustbin of history!

      Another victory yesterday for Second Amendment gun rights striking down the 100-year old law that will now apply to New York’s extreme prohibitions and onerous regulations, and apply to major cities and states around the country.

      The extreme left is LOSING big time and it will only continue. The woke and broke have gone too far with the election of the worst president in history.

      Major reckoning will continue in November 2022 and complete in 2024…

  2. People shouldn’t complain about sky high crime, open borders, crashing stock market, gas prices, inflation and recession. Just imagine how things would be WITHOUT Biden expertly guiding us. Shudder!

  3. Excellent fact that, at least, points out curiosity…but more-so, intellectual dishonesty.

    Same people that advocate for abortion would convict a person that destroyed a raptor’s egg, or offspring of a wild animal.

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