Angst over rising cost of living pushes US consumer sentiment to record low
- Posted on May 22, 2026
- By Business News Today
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- 1 min read
Angst over rising cost of living pushes US consumer sentiment to record low
US consumer sentiment fell to a record low in May as rising gasoline prices driven by the Iran war intensified cost-of-living pressures. Inflation expectations climbed sharply, especially among Republicans and independents, signalling growing economic dissatisfaction and posing risks to spending despite a still-resilient labour market and ongoing stock market gains.
