US consumer sentiment hits record low as gasoline prices and inflation fears crush confidence
US consumer sentiment has reached a record low, with the University of Michigan's index dropping to 44.8 in May. High gasoline prices and inflation fears are major contributors to this decline, affecting personal finances for many Americans. The sentiment drop is particularly pronounced among lower-income households and those without a college education.
- ▪The University of Michigan's consumer sentiment index fell to 44.8 in May, the lowest reading since the survey began in the 1950s.
- ▪One-third of respondents cited high gasoline costs, which have surpassed $4.50 per gallon, as a primary concern.
- ▪57% of consumers reported that high prices were a major factor eroding their personal finances.
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US consumer sentiment hits record low as gasoline prices and inflation fears crush confidence The University of Michigan's consumer sentiment index fell to 44.8 in May, the lowest reading since the survey began in the 1950s, with ripple effects expected across risk assets including crypto. 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 pessimistic about…
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