The Troubling State of American Consumers: Confidence Plummets Due to Prices

Recent research has shown a significant drop in American consumer confidence, driven by rising prices for goods and services, a consequence of inflation and tariffs. The University of Michigan's Consumer Sentiment Index fell to 57.7 in September, the lowest level since 2011. This decline in confidence reflects people's concerns about future financial difficulties as prices for essential items, including food and fuel, continue to rise.

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