Consumers are worried how far their paycheck is going to go with everything going up around them.
Consumer sentiment hit an all-time low this month, according to the University of Michigan’s closely watched survey of consumers, Courtenay writes. What’s happening: Roughly 46% of consumers said their negative views about the economy boil down to inflation — up from 38% in May.
Axios Closer By Hope King and Nathan Bomey · Jun 10, 2022