The University of Michigan consumer sentiment index dropped to 44.8 in May 2026, its lowest reading since 1952, as inflation expectations rise and Bitcoin diverges.

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.