Consumer sentiment is currently near all time lows, worse than during the Great Recession and near the worst of the Pandemic era.

Data sourced from the University of Michigan Consumer Sentiment Index. Claude was used to create the graphic.

Posted by Public_Finance_Guy

9 comments

  1. Looks like the University of Michigan is about to lose some federal funding 🙃🫠

  3. Some annotations about the economic events that got it to extremes would be helpful.

  4. over 50% of spending comes from the top 10%, consumer confidence in the aggregate doesn’t matter anymore. there’s a reason every brand has pivoted to be more and more upmarket over time.

    It’s just rich people and AI investment that are holding up the economy

  5. How was it leak in 2001 😂😂 Was that the part of the year before 9/11?

  6. People are really that low right now? Drama queens

  7. Feels like we got an October crash locked and loaded. Trumpcession incoming? Tarrific financial crisis? Dot-AI crash?

  8. This is fucked. I graduated college at the all time peak. My oldest son is graduating in the worst.

  9. I was looking at GDP earlier today. Consumer sentiment is low, inflation and unemployment are almost at a good level but trending in the wrong direction, but considering all of this GDP is holding in strong. Consumer spending in GDP came in at 0.5% for Q1, 1.6% for Q2 (awaiting final adjustment next week), and the Atlanta Fed’s GDPNow predicts Q3’s top line GDP number to come in at 3.3%. We don’t know what personal consumption is for Q3 yet, but considering it is around 70% of GDP unless these predictions are way off it looks like the consumer is still spending at a good rate net of inflation.

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