Consumer Sentiment Plummets Amid War, Gas Prices
Annapolis News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Consumer sentiment plummets in March due to Iran conflict and gas price fears, hitting lowest point since December. University of Michigan survey shows declines across all age groups and political parties, with middle- and higher-income families experiencing the biggest slides due to stock market jitters and fuel costs. Short-run outlooks fell fourteen percent, while longer-term views dipped less, suggesting hope for a temporary downturn. Job market feelings slipped but held up better than other areas. If the conflict continues, sentiment could worsen, with inflation and affordability dominating thoughts as midterm elections approach.
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