Americans feel worse about the economy than ever before
Americans are feeling bad about the economy, and it's due in part to prices at the gas pump. Camden Hall/NurPhoto via Getty Images New data showed consumer sentiment slipped to a record low in April. Rising gas prices are affecting people's view of the economy. Other economic issues, like the frozen job market, are probably worsening the dreariness. Americans' economic mood can be succinctly described in one word: Terrible. While inflation soars as conflict with Iran drags on and shows up at the gas pump , consumer sentiment is plummeting. University of Michigan's Consumer Sentiment Index, which tracks how American consumers feel about economic conditions, fell to 47.6 in April — a record low and a nearly 11% decline month-over-month. The overall sentiment index combines views of how the economy is doing right now with what Americans think is going to happen in the near future, and both crashed this month. "Demographic groups across age, income, and ...
