The University of Michigan's Surveys of Consumers reported that its Consumer Sentiment Index fell to a final reading of 44.8, an all-time low

The preliminary snapshot released earlier in the month was dismal, comparable to levels not seen since the huge post-COVID inflation spike.

Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices.

Americans just loathe this economy.