BREAKING: The Consumer Sentiment Index fell -3.6 points in September, to 48.1, its 2nd-lowest level in history.
This marks the 2nd consecutive monthly decline, totaling -7.1 points.
This comes as the Current Conditions Index decreased -1.0 point, to 50.9, its 4th-lowest reading on record.
At the same time, the Consumer Expectations Index dropped -5.2 points, to 46.3, its 2nd-lowest since 1980.
This year, the sentiment has deteriorated for all groups by age, education, geography, political party and income.
The decline has been driven by a higher cost-of-living, as higher fuel prices, persistent inflation, rising mortgage rates, and weaker purchasing power.
Consumer sentiment is at crisis levels.