University of Michigan: Consumer Sentiment Sinks, Challenges Rise
February 26, 2022
February 26, 2022
ANN ARBOR, Michigan, Feb. 26 (TNSRes) -- The University of Michigan issued the following news release:
Consumer sentiment fell in February to its lowest level in the past decade, according to the University of Michigan Surveys of Consumers.
Importantly, the loss was still entirely due to a 12.9% decline among households with incomes of $100,000 or more, a group that has a significant impact on consumer spending, said U-M economist Richard Curtin, director of the surveys . . .
Consumer sentiment fell in February to its lowest level in the past decade, according to the University of Michigan Surveys of Consumers.
Importantly, the loss was still entirely due to a 12.9% decline among households with incomes of $100,000 or more, a group that has a significant impact on consumer spending, said U-M economist Richard Curtin, director of the surveys . . .