US Consumer sentiment has fallen in the end of last year

According to the information portal about finance and economics, consumer sentiment in the US has fallen sharply. This was reported by researchers from the University of Michigan. As a result, a fall of two and a half percent was recorded at the beginning of this year compared to December last year. Thus, the index of consumer sentiment is almost at the lowest level. The maximum-minimum was recorded in November last year. In this regard, many people use payday loans online.

This index in January of this year decreased by two and a half percent, although in December last year the value was seventy point six percent. Also, university specialists recorded a minimum of 67.4% in November 2021.

It is known that the indicators sank strongly in January of this year. This is the second-lowest figure after 2014. It turned out that local residents are very worried about inflation, which negatively affects income and purchasing power. It also became known that a large number of respondents with low financial opportunities appeared in the United States.

It is worth noting that low-income local residents are more likely to report a worsening financial situation. Now there is a downward trend in consumer sentiment in the country. Over the past six months, the figure has fallen to seventy point three percent. Although in the first six months of last year the figure was at the level of 82.9%.

Experts believe that the main problem is the current inflation. This is a serious and real problem for every American. It is she who stands above the same unemployment. It also negatively affects low-income consumers.

The researchers also said that trust in government structures has decreased, now the figure is the lowest since 2014. Hence, the national economy of the state also suffers. The mood is more pessimistic among low-income citizens. The optimistic mood is only among those who receive above average.

However, even people with high incomes are not in the best mood about the development of the national economy. In the coming year, they expect negative news. This means that trust in the state has fallen to the lowest level.

About thirty percent of respondents reported that their current situation is at its lowest level compared to the previous year. Recall that similar figures were recorded in April 2020. But then the reason was the pandemic and quarantine. Now Americans are turning to banks for Hart Loan payday loans online.

Low-income families are the most likely to report deteriorating personal finances. Many people think that their difficult income situation is due to inflation. The majority of respondents believe that the inflation rate will still exceed income indicators. And only about 20 percent of respondents think that their income will grow this year.

In their study, university staff mentioned Michigan. It is in this region that the indicators decreased by 1.3% compared to the last month of last year. As for the index of consumer expectations, it decreased by three and a half percent.

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