U.S. consumer sentiment hits record low amid rising costs

Consumer sentiment has hit an all-time low. Spiking energy prices renewed inflation fears and pushed consumer confidence down 10 percent from a month ago and more than 14 percent from a year ago.

Source: Washington Express, May 22, 2026. Link.

The cost of living continues to be a first-order concern, with 57 percent of consumers spontaneously mentioning that high prices were eroding their personal finances, up from 50 percent last month,” said Joanne Hsu, the survey director.

INSIGHTS: Declining consumer sentiment will likely cause some pet owners to think twice about elective veterinary services this summer. Consider adjusting how services are presented and expanding payment options to ease point-of sale costs.