ViewpointsOpinionThe US Consumer Is Not HappySavePrintCOVID-19 economic Stimulus check on blurred USA flag and sun light background. Relief program concept. ShutterstockDaniel Lacalle5/17/2021|Updated: 5/17/2021CommentaryThe 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.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentDaniel LacalleAuthorDaniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat” (2015), and “Life in the Financial Markets.”websiteAuthor’s Selected ArticlesCentral Banks Do Not Prevent Financial Crises or Control InflationAug 23, 2025The European Union’s Agreement With the United States Is Positive and RealisticAug 04, 2025The US Dollar Remains the World’s Top Reserve CurrencyJul 21, 2025How Analysts Misjudged the US Economy: Growth, Inflation, and Fiscal Surprises in 2025Jul 14, 2025Related Topicsconsumer confidence index
