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Democracy Dies in Darkness
Economy


AMERICANS ARE DOWN ON THE ECONOMY (AGAIN), WITH INFLATION TOPPING ELECTION
CONCERNS

Consumer sentiment is at a six-month low, and people are pulling back on all
kinds of purchases.

By Abha Bhattarai
May 19, 2024 at 7:00 a.m. EDT

A food market in Los Angeles this month. (Allison Dinner/EPA-EFE/Shutterstock)

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After a spurt of optimism, Americans are feeling a little more glum about the
economy — again.

Consumer sentiment, a gauge of Americans’ economic perceptions, is at a
six-month low, according to a closely watched index by the University of
Michigan. The measure notched its biggest drop since 2021, reflecting the
persistent tug of inflation on household budgets and fueling fears that rising
prices, unemployment and interest rates could all worsen in the coming months.


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