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U.S. consumer sentiment plunges to a 3½-year low amid prolonged shutdown
Consumer sentiment in the U.S. hits its weakest in over three years as a lengthy government shutdown weighs on confidence and spending outlook.
The University of Michigan Consumer Sentiment Index dropped to 50.3, the lowest since June 2022, as the ongoing federal government shutdown dragged on.
The survey captured worries across income and political groups, with lower-income households hit hardest.
Analysts say the shutdown’s ripple effects—from delayed benefits to disrupted air travel—are eroding household confidence and raising downside risk to consumer spending in coming quarters.