Americans are feeling more positive about the economy and believe inflation will settle down — but plenty of uncertainty is still swirling.
The University of Michigan’s consumer sentiment index for September settled in at 58.6, down slightly from preliminary readings of 59.5, according to findings from the school’s Surveys of Consumers. That’s the highest reading since April. These mixed views were voiced by dozens of CNN Business readers, who said they thought the economy was improving somewhat, but were worried whether it would last. Many also said they continue to be burdened by high costs for food, housing and other necessities.
A family pack of chicken now costs around $20, he said, up from $13, while ground beef costs $1.50 more. He’s paying more for yogurt and snacks that Marley brings to pre-K. Meanwhile, his rent shot up to $1,580, from $1,300, over the past two years, and he just got a notice from his electric company that the monthly charge will jump by more than $15.
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