Consumer Sentiment Drops to 28 Year Low

David — Fri, 23 May 2008 21:07:00 +0000

Consumers’ sentiment dropped to a 28-year low in early May of 2008, as reflected by the 59.5 University of Michigan index. Survey Director Richard Curtin told “Forbes” that “all of the the early May decline was among households with incomes below $75,000.” According to Curtin, “record number of consumers… (9 out of 10)… said the economy is in a recession.”

Rudofsky Associates » Consumer Sentiment

Consumer Sentiment Drops to 28 Year Low