ViewpointsOpinionThe US Consumer Is Not HappySavePrintCOVID-19 economic Stimulus check on blurred USA flag and sun light background. Relief program concept. ShutterstockDaniel Lacalle5/17/2021|Updated: 5/17/2021CommentaryThe University of Michigan consumer confidence index fell to 82.8 in May, from 88.3 in April. More importantly, the current economic conditions index slumped to 90.8 from 97.2, and the consumer expectations index declined to 77.6 from 82.7.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentDaniel LacalleAuthorDaniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat” (2015), and “Life in the Financial Markets.”websiteAuthor’s Selected ArticlesHow Maduro and His Allies Stole Venezuela’s Oil WealthJan 21, 2026Markets May Be Wrong About the Risks of Venezuela and GreenlandJan 19, 2026One Year In, Trump’s Economy Defies the Experts and Outpaces G7Dec 27, 2025The US Manufacturing Sector Wins While Net Zero Destroys Industry ElsewhereDec 02, 2025Related Topicsconsumer confidence index
