posted by QuakerOatsInflation sends consumer sentiment down to record low
The University of Michigan's consumer sentiment index for June fell to 50.0, the lowest point on record. "Consumers across income, age, education, geographic region, political affiliation, stockholding and homeownership status all posted large declines," said survey director Joanne Hsu, adding: "47% of consumers blamed inflation for eroding their living standards, just one point shy of the all-time high last reached during the Great Recession."
Full Story: Yahoo (6/28)
UM is a bastion of liberal / Marxist radicals.