The University of Michigan’s consumer sentiment index, which measures how American consumers view prospects for their finances and the general economy, fell to 66.8, the lowest in 10 years, from 71.7 last month—a drop that a chief economist for the index said Friday was caused by increasing prices of goods and services and a lack of policies that consumers believe could address the skyrocketing inflation.
READ MORE: https://www.forbes.com/sites/lisakim/2021/11/12/consumer-confidence-falls-to-a-decade-low---and-inflation-and-politics-are-likely-to-blame/?sh=499fe7446d3a
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