University of Michigan consumer sentiment index hits all-time low as Americans buckle under price pressures
The University of Michigan's consumer sentiment index has reached an all-time low of 44.8, marking the worst reading since the survey began in 1952. This significant drop reflects growing concerns among Americans about their financial situations, particularly due to rising prices. Despite this bleak outlook, Bitcoin continues to rise, indicating a disconnect between consumer sentiment and certain market trends.
- ▪The consumer sentiment index fell to 44.8 in May 2026, a 10% drop from April's 49.8.
- ▪57% of respondents reported that high prices negatively impacted their finances, up from 50% in April.
- ▪The steepest declines in sentiment were among lower-income households and those without college degrees.
Opening excerpt (first ~120 words) tap to expand
University of Michigan consumer sentiment index hits all-time low as Americans buckle under price pressures The final May reading of 44.8 marks the worst consumer confidence reading since the survey began in 1952, yet Bitcoin keeps climbing. Share Add us on Google by Editorial Team May. 23, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Americans haven’t felt this grim about the economy since Harry Truman was in the White House.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.
Discussion
0 commentsMore from Crypto Briefing
