Consumer sentiment falls to fresh record low in May as surging gas prices hit outlook
https://www.cnbc.com/2026/05/08/consumer-sentiment-falls-to-fresh-record-low-in-may-as-surging-gas-prices-hit-outlook.html
Posted by Force_Hammer
Consumer sentiment falls to fresh record low in May as surging gas prices hit outlook
https://www.cnbc.com/2026/05/08/consumer-sentiment-falls-to-fresh-record-low-in-may-as-surging-gas-prices-hit-outlook.html
Posted by Force_Hammer
4 Comments
Wall Street could not care less while Main Street suffers from this mess.
only matters if overall consumer spending drops but being in a K shaped economy, the richer ones get richer from the stocks and spend even more
Instead of cutting back on spending, US consumers are depleting their savings and taking on more debt.
I don’t think consumption is going to go down first. The first materialization of consumer sentiment will be mass defaults on debts.
Paying over $6/gallon here in CA. Stock market keep ripping new highs though 🤪