US Consumer Sentiment Falls to Near Lowest on Record (1)

US consumer sentiment fell in November to one of the lowest levels on record as Americans’ views of their personal finances soured.

The final November sentiment index dropped to 51 from 53.6 in October, according to the University of Michigan. The figure was only slightly better than the preliminary figure.

The current conditions gauge slid 7.5 points to a record low of 51.1. Views of personal finances were the dimmest since 2009.

“Consumers remain frustrated about the persistence of high prices and weakening incomes,” Joanne Hsu, director of the survey, said in a statement.

Consumers ...