U.S. consumer sentiment has fallen to levels lower than during the Covid plandemic, the 2008 Great Recession and the 9/11 inside job, according to data from the University of Michigan’s Index of Consumer Sentiment.
Consumer sentiment dropped to 44.8 in May, down 10% from April and 13.2% from one year ago, marking the lowest level on record.
“Consumer sentiment fell for the third straight month as supply disruptions in the Strait of Hormuz continue to boost gasoline prices,” Surveys of Consumers Director Joanne Hsu said. “Sentiment is now just below the previous historical trough seen in June 2022.”
Cost of living is chipping away at Americans’ personal finances.
“The cost of living continues to be a first-order concern, with 57% of consumers spontaneously mentioning that high prices were eroding their personal finances, up from 50% last month,” Hsu said.
Alex Jones Live recently reported that almost half of Americans are anxious about their personal finances and that a recently poll showed 76% of Americans see the cost of living as their biggest economic problem.
The hardest hit by the increased strain on the economy are those with less financial headroom.
“Lower-income consumers and those without college degrees posted particularly strong sentiment declines; these groups are more sensitive to increases in the cost of gas and other essentials,” Hsu said.
Importantly, the impact has political implications for the Republican Party which is currently in power.
“Independents and Republicans saw decreases in sentiment, with both groups reaching their lowest readings of the current presidential administration,” Hsu said. “Meanwhile, sentiment of Democrats was little changed from last month.”
Americans are not viewing the downturn in the economy as a “short-term pain” but rather, a more bleak future outlook.
“Year-ahead inflation expectations inched up from 4.7% last month to 4.8% this month. The current reading substantially exceeds the 3.4% reading seen in February 2026 prior to the start of the Iran conflict, along with all 2024 readings. Long-run inflation expectations climbed from 3.5% in April to 3.9% in May, notably higher than the 2.8% to 3.2% range seen in 2024,” Hsu said.
Fuel prices continue to climb following the Iran war which led to the closure of the Strait of Hormuz. The impact of rising transportation costs affects all other product categories.
“Many are warning about the ripple effect of higher fuel costs. Walmart’s CFO, John David Rainey, said this week that the retailer is starting to see impacts on input, packaging, and transportation costs,” Yahoo Finance said.
While current events such as the Iran war continues to increase costs and mass legal immigration continues to reduce the supply of jobs for Americans, the future likely holds another devastating impact to Americans’ finances – the mass human replacement with AI technologies.
16 Responses
So, The Boomers Won*, forgot 1 minor or major importance, We aint gonna fight for you, let em blow up the planet, we dont give a shidddd mofo. ohhhh , by the way its Mitsfits Monday, Lemme get a She by Misfits
Its not even about fighting, its yall are gay and shidd
Fye up Ram Jam Black Betty
Just had a boomer argue with me that the economy was doing great and that fighting for Israel was the best thing for America…
Hahahahaha insane.
Yeah Bud, Im arguien with Pops like super boomer class,
Yo when the electricity goes, so does the fat old people.
National Anthym got changed to , Sophie B. Hawkins, Dayyyum I wish I was your Lover
How you gonna play golf and shiddd if you kia.??????
there aint no jobs, except if your gay, black, dei, hb1 , maybe even Big Foot
Rush Limbaugh (RIP) used to say that what made America great is that the country got a little bit better everyday, despite whatever faults we might have.
People can sense that since the Obama era, that has been turned on it’s head, and since then the country (and our individual circumstances) get a little bit worse each and every day.
So how to get the world back on track? Economically, politically, toward stable currencies, stocks and bonds etc.
The key is better designs of government, then good morals movements.
For example with lack of good enough democracy design, then no rule of law or prudent control over currency/banking. With this situation, the corruption will endlessly bankrupt nations or republics, hence of course will have a dark age.
So what will happen in basic terms?
Well naturally, massive money printing to pay government bill’s, then eventually hyperinflation , then collapse of civil society, of governments etc.
The standard stuff during dark ages.
So central banks are trying right now to hoard gold in secret and silver (even though has much quantity in secret) also has great monetary value.
As all countries are turning into bankruped republics being run in the background by AI control grids. This situation will drive massive instability in the values of currencies, by extension bonds and by further extension stocks, and most everything else.
The natural solution of AI control grids with their controlled digital currencies will make everything worse, especially with zero good democracy design reforms.
The missing understanding by many intellectuals and talking heads. Foremost is the misunderstanding that the republic and elites made first world stability during the cold war era. This is mostly untrue, what really happened is the cold war situation combined with the USA’s superior constitutional rights and freedoms, having just enough rule of law to enable first world society ( with the threat of outside communism taking over). But this past situation is fragile and has broken apart.
A example is the USA’s rule of law and stability with economic power enabled the dollar to be a reserve currency. But this is rapidly ending as no country trusts the USA digital assets after Russia’s bond monies were stolen and its oligarchs unable to keep money in Switzerland.
So, most all are slowly turning toward new ways of money and savings. Since most all countries are bankrupted republics that no one trusts , especially in each other. It is simple, all must go toward new currencies backed by hard assets, for any level of real trust
To the talking heads most likely it will be a MAD rush to hard assets by everyone when all the people finally figure it out. Key idea is the instability of republics with AI dictatorships forming up in their backgrounds. This will drive chaos like never before in history. All bonds and fiat currencies, stocks , etc backed up by air will be phantoms , ghosts, with numbers gyrating like mad, etc.
and where the fuhhh are tge doge checks???
I agree. Some of us haven’t forgotten about that.
Times are so bad now, I’d settle for the $2,000 to $3,000 class action lawsuit payout I qualified for three years ago. Turns out Chinese companies that made consumer-grade sky-watching telescopes colluded to keep prices up, resulting in the lawsuit. I applied for the settlement money after confirming that this was a real thing and not some scam. It was in the news at the time. The judge decided five months later that the payout would happen, and two-plus years on I haven’t received anything. I guess the lawyers ate it all up.
For real,this shid is rediculous. How we supposed to fight for israel and be proper goyems if we are starving??? How do I become an illegal alien and get all the free shid????
Im takeing my last $30 and buying a 12 pack of beer and 2 packs of smokes and joining the “Homeless Squad”