Story perspectives

US Consumer Sentiment Plummets: Recession Fears Grow

11/29/2025

Summary

Story summary

Worsening consumer sentiment signals potential economic trouble in the United States, with Mark Zandi warning the economy is on the brink of recession.
The University of Michigan's survey and the Conference Board's findings show a significant decline in consumer sentiment.
CIO Mark Malik emphasizes that the collapse in confidence could reduce spending and increase layoffs.
Noah Yosif, chief economist at the American Staffing Association, notes uniform pessimism across demographics.

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Story summary

Worsening consumer sentiment signals potential economic trouble in the United States, with Mark Zandi warning the economy is on the brink of recession.
The University of Michigan's survey and the Conference Board's findings show a significant decline in consumer sentiment.
CIO Mark Malik emphasizes that the collapse in confidence could reduce spending and increase layoffs.
Noah Yosif, chief economist at the American Staffing Association, notes uniform pessimism across demographics.