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Breitbart Business Digest

June 24, 2022

Consumer Sentiment Sunk Even Lower

We really do hate to be the bearers of bad news on such a glorious day, but this is what they tell us we are paid to do. Consumer sentiment sunk from its record low in mid-June to a new record low in the final June reading. The most important takeaway from the report is that the decline in sentiment is pretty much universal.

“Consumers across income, age, education, geographic region, political affiliation, stockholding and homeownership status all posted large declines,” Joanne Hsu, the director of the survey, said.

As we've mentioned before, we regard this as the real measure of presidential approval because it is slightly less subject to partisanship. It's not immune, as post-electoral shifts in 2016 and 2020 have shown. But it is not as dominated by partisan feelings as the strictly political polls are. By this reading, Biden is one of the most unpopular presidents in generations....

– Alex Marlow & John Carney
Breitbart News Network