Source: AOL

Consumer sentiment hits record low in June as inflation weighs on consumers

Quote: Consumer sentiment sank to its worst level on record in early June as the rising cost of food, gas, and other essentials weighed on American consumers.

The University of Michigan’s closely watched Surveys of Consumers consumer sentiment index slumped to 50.2 in the preliminary June survey, marking the lowest level recorded by the survey, which dates back to the mid-’70s.

Friday’s reading marked a drop from May’s already-depressed level of 58.4, and missed estimates for a print of 58.1, according to Bloomberg data. Throughout 2019, the last year before the COVID-19 pandemic sent the economy into recession, the sentiment index had averaged around 96.0.

“Consumer sentiment declined by 14% from May, continuing a downward trend over the last year and reaching its lowest recorded value, comparable to the trough reached in the middle of the 1980 recession,” Joanne Hsu, director of the University of Michigan’s Surveys of Consumers, said in a statement.

Consumers’ assessments of their own personal financial situations deteriorated sharply and contributed heavily to the overall drop in the index, Hsu noted. Nearly half (46%) of consumers attributed these worsening views to inflation, up from 38% who did so in May.

Quote: Watch how Harris has to keep holding on to her seat as Charles tells her what the awful truth is. – Charles Payne on 40-Year Inflation High: Biden Admin, Federal Reserve ‘Created a Monster’ pic.twitter.com/LAHwvzeLaA

— Alexandra Datig | Front Page Index ?? (@alexdatig) June 10, 2022

Hey...c'mon, "everyone" "knows" Charles Payne and Harris Faulkner are WHITE SUPREMICISTS!!!!

Reminder: Throughout 2019 the average number was around 96.0
--but, um, y'know...'mean' tweets, so much "better" now!
Thanks Demokkkrats!

The next couple of years are going to be PAINFUL, folks.

Biden* is following the commands and orders from the Controller. Those directives are twofold in purpose. One is to decimate the US economy while also shifting to the "New Green Deal" (ECONOMIC PAIN). The other is to ramp up protests against the core structure of law and order (CRIME INCREASE PAIN).

One impact of the latter is the wave of experienced LEOs/police resigning and retiring early. Major cities are absolutely soft on crime. We just had one man arrested for openly admitting that he intended to murder SC Justice Kavanaugh. Does anyone SERIOUSLY think this guy is the only one contemplating this crime?

Both of these objectives - economic pain and crime increase - lead to CHAOS.

Even if the Republicans take both Houses in the midterms - a serious challenge to take the Senate - Biden* (via the Controller) will promulgate destructive and divisive changes via EOs.

TOLERATE IT, AMERICA. THIS IS THE REAL COST OF ILLEGAL ELECTIONS. ALL OF US ARE OBLIGATED TO ENDURE THE FULL 4 YEARS OF THIS PAIN.

THE OBJECTIVE NOW IS TO LEARN FROM IT.

ANOTHER LEARNING OPPORTUNITY WILL BE IN EARLY NOVEMBER 2024.

Maybe the lowest ever, but definitely not surging! Also not even Biden’s fault. Putin price hike

After 8 years of the big eared muslim destroying the country as best he could, I was so relieved when Trump won in 2016.

Everything was going fine under Trump, but the commie-crats just couldn't deal with it.

So, they steal the 2020 election and now they're back to killing the country again... as fast as they can.

Any idiot with half a brain can see what's going on. But just go ahead and tell me again how it's all Putin's fault.

On the news last night in the same segment...

Highest average gas price in HISTORY
Highest inflation rate in over 40 years


And Biden* and the Dems keep gaslighting us.