The US Consumer Is Not Happy

COVID-19 economic Stimulus check on blurred USA flag and sun light background. Relief program concept. Shutterstock

Commentary

The University of Michigan consumer confidence index fell to 82.8 in May, from 88.3 in April. More importantly, the current economic conditions index slumped to 90.8 from 97.2, and the consumer expectations index declined to 77.6 from 82.7.