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U.S. Consumer Sentiment Plummets Amid Affordability Concerns

11/21/2025

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Story summary
  • U.S. consumer sentiment fell to 51 in November, a 4.9% drop from October, per University of Michigan Surveys of Consumers.
  • Joanne Hsu, director of the University of Michigan Surveys of Consumers, said sentiment improved after the shutdown but remains low due to affordability.
  • Current personal finances and buying conditions for durable goods dropped over 10%.
  • Year-ahead inflation expectations eased from 4.6% to 4.5%.