Business

Consumer Sentiment Hits Record Low

Updated 2026-05-08 15:00 UTC 1 source Negative

Consumer sentiment in early May reached a historic low, particularly among Republicans, due to high gas prices.

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MarketWatch

Gloom deepens for consumers in early May due to high gas prices

Consumer sentiment hit a record low in May, the University of Michigan said, with the lowest reading among Republicans since President Donald Trump’s 2024 election.

2026-05-08 14:43 UTC