Americans are rarely this pessimistic about the economy.
Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the University of Michigan said in its latest survey released Friday, the second-lowest reading on records going back to 1952. April’s reading was lower than anything seen during the Great Recession.
I don’t know about you all, but in this age of unprecedented economic stability, I’m making lots of expensive, long-term purchases and investments! I’m sure every business is doing the same!
/s