CNBC: Consumer Confidence Consumer sentiment tumbles as 'recession-like' symptoms spread among Americans

• Consumer sentiment in the U.S. dropped to an eight-month low in July, according to the Consumer Sentiment Index from the University of Michigan.
• In a 2024 poll, Gallup found that one-third of Americans mentioned economic issues as the nation’s most important problem.
• The major reason is stubborn inflation cutting into people’s paychecks.

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