Consumer sentiment near record low as Americans head into the holidays

U.S. consumer sentiment fell in November to one of its lowest points as Americans head into the holiday season and prepare for Black Friday, a monthly survey found. The University of Michigan Surveys of Consumers announced Nov. 21 that its Consumer Sentiment Index stands at 51 – higher than its preliminary reading of 50.3 two weeks ago, but down from 53.6 in October. The announcement showed consumer sentiment hovering near historic lows. The index hit its record low of 50 in June 2022. But Surveys of Con ...