Skip to Content

Consumers still don’t feel great about economy

(CNN) - Americans still aren't feeling great about the economy.

A new survey from the University of Michigan shows the nation's collective outlook actually rose a bit this month. It registered at 55.1, up from 51.5 in July.

But when you drill down to how people feel about current economic conditions, that number dropped from 58.1 last month to 55.5. Analysts believe much of that is a "Hangover" effect from high gas prices.

And even though prices at the pump have been coming down in recent weeks… Being constantly reminded of high gas prices has left many people feeling squeezed. Almost half of all Americans say inflation has eroded their living standards.

Article Topic Follows: Video
Author Profile Photo

Vince Ybarra

Vince Ybarra joined KYMA in June 2021 and is a CBS 13 anchor.

Have a story idea? Email Vince at vince.ybarra@kecytv.com.

BE PART OF THE CONVERSATION

KYMA KECY is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content