What does the US Consumer Sentiment and Economic Outlook (Michigan) measure?

The US Consumer Sentiment and Economic Outlook (Michigan) measures consumer confidence and expectations across various demographic and economic groups in the United States, including income tiers, age brackets, and regions.

How often is this data published and how far back does it go?

This table is published monthly by the University of Michigan Surveys of Consumers and includes historical series dating back to 1978.

What breakdowns are available in this table?

The table provides data categorized by income groups, age groups, U.S. regions, personal finance assessments, nationwide business conditions, and buying conditions.

How is the US Consumer Sentiment index constructed?

The index is compiled from monthly surveys of households in the United States, reflecting respondent views on personal finances, business conditions, and purchasing attitudes using diffusion indexes and percentage shares.

US Michigan Consumer Sentiment Detail

Name: US Michigan Consumer Sentiment Detail
Creator: University of Michigan — Surveys of Consumers
License: https://creativecommons.org/licenses/by/4.0/

Latest reading

Bottom 1/3 Income stood at 45.9 in Jul 2026. That is +0.4% from Jun 2026 and −14.8% from a year earlier. The series on this page is monthly and runs from Oct 1979 to Jul 2026. Source: University of Michigan — Surveys of Consumers.

Latest: 45.9; Jul 2026
vs previous period: +0.4%; Jun 2026
vs a year earlier: −14.8%

About this data

US consumer sentiment index and economic outlook from Michigan. This monthly table tracks consumer confidence by income, age, region, and expectations since 1978. Published by the University of Michigan Surveys of Consumers, the data features index points and net balances. Analysts use these demographic breakdowns to evaluate spending behavior across groups.

Frequently asked questions

What does the US Consumer Sentiment and Economic Outlook (Michigan) measure?: The US Consumer Sentiment and Economic Outlook (Michigan) measures consumer confidence and expectations across various demographic and economic groups in the United States, including income tiers, age brackets, and regions.
How often is this data published and how far back does it go?: This table is published monthly by the University of Michigan Surveys of Consumers and includes historical series dating back to 1978.
What breakdowns are available in this table?: The table provides data categorized by income groups, age groups, U.S. regions, personal finance assessments, nationwide business conditions, and buying conditions.
How is the US Consumer Sentiment index constructed?: The index is compiled from monthly surveys of households in the United States, reflecting respondent views on personal finances, business conditions, and purchasing attitudes using diffusion indexes and percentage shares.

Indicator	07-2026	06-2026	05-2026	04-2026	03-2026	02-2026	01-2026	12-2025	11-2025	10-2025	09-2025	08-2025	07-2025	06-2025	05-2025	04-2025	03-2025	02-2025	01-2025	12-2024	11-2024	10-2024	09-2024	08-2024	07-2024	06-2024	05-2024	04-2024	03-2024	02-2024	01-2024	12-2023	11-2023	10-2023	09-2023	08-2023	07-2023
By Income Group3
Bottom 1/3 Income	45.9	45.7	36.4	44.9	46.7	45.8	50.9	49.4	44.5	47.9	48.8	52.8	53.9	56.7	49.9	49.5	51.5	57.5	63.4	66.1	64.6	61.2	62.9	58.2	55.2	61.2	61.5	66.8	72.4	70.5	69.7	64.2	55.5	63.1	61.4	63.4	58
Middle 1/3 Income	56.3	44.2	43.5	48.7	53.5	60.2	55.4	53	51	52.2	54.7	59.1	62.9	59.9	51.6	51.9	59.4	65	70.4	73.7	70.6	69.8	66.2	68	63.6	64.8	66.3	77.7	77.5	73	81.4	71.4	61.5	60.7	66.4	65.5	73.9
Top 1/3 Income	61.3	55.1	53.8	54.3	59.4	64.9	62.2	56.5	55.2	60.4	61.2	62.8	67.6	64.9	54.1	54.3	60.1	71.3	81.3	83.8	80.4	83.4	83.2	79.1	79.7	80	82.2	86.2	89	86.4	88.1	76	68.1	67.4	76	79	81.2
By Age3
18-34 Years	52.9	45.3	45.3	47.1	49	58.6	55.5	46.7	44.1	58.1	52.9	56.2	61.8	57.6	50	48.4	57.7	63.9	71.1	71.9	70.6	82.6	74.7	69.3	70.5	70.8	76.1	81.4	74.6	80.4	80.1	73.8	66.7	72.9	66.8	75.2	80.8
35-54 Years	49	45.5	42.8	46.7	53.5	54.9	47	50.9	48	49.8	52	55.1	58.5	59.1	51	52.1	55.5	63.3	72.2	72.3	70.4	72.3	68.8	67.2	64.1	67.3	68.6	77.6	79.3	76	81.1	67.3	57.4	65.4	67.4	66.9	70.2
55 Years and Over	58.6	51.1	45	51.5	52.2	57.8	60.5	55	52.3	53.2	55.9	60.8	62.3	60.8	52.2	51.2	56.6	64.6	72.8	75.7	73.2	68.1	72.1	68.4	68.4	68.3	67.8	75.8	81.5	76.1	77.4	69.6	61.3	58.2	68.5	69	68
By Region4
Northeast Region	59.8	44.3	47.8	48.9	51.1	54	55.6	49.5	52.5	55.3	52.3	60.9	56.1	59.9	55.8	50.7	57.8	68.1	72.5	70.7	73.4	73.6	77.1	70.4	70.7	71.1	75.6	75.3	82.1	76.1	80.2	73.6	65.9	60.1	68.6	65.9	71.8
Midwest Region	51.3	51.7	43.5	51.1	54.7	54.6	55.1	51.9	48.4	56.5	56.4	60.5	61.4	57.2	48.6	50.3	56.8	63.2	70.7	72.3	76	74	70.4	60.1	63.1	66.9	69.5	72.6	79.8	74.2	80.5	69.8	63.5	64.8	72.3	67.6	73.5
South Region	54.9	52.8	44.9	52.2	56.9	62.9	59	56.8	53.8	53.6	59.8	59.4	67.1	64.3	57.4	54.2	59.5	66.2	73.1	73.7	68.4	69.8	67.4	70.2	64.7	65.6	66.3	78.4	77.6	79.6	78.6	67.4	59	64.3	64	71.8	67.6
West Region	55.9	45.9	43.6	45.6	47.4	50.6	53.7	50.2	47.8	49.1	47.6	51.5	57.7	59.2	44.3	51.8	52	60.9	69.7	78.7	72.1	65.9	68.8	70.4	69.2	71.4	68.4	81.5	80	75.2	77.1	70.5	59.1	64.5	69.6	69.9	75.9
Personal finance6
Financial situation compared to a year ago	70	63	58	67	74	77	74	68	66	78	76	77	83	78	67	71	74	82	87	85	82	81	80	79	79	81	91	95	104	98	100	88	84	79	86	93	96
Expected financial situation a year from now	88	84	73	80	84	93	95	93	85	82	86	91	91	94	79	78	86	99	109	111	116	110	111	108	105	106	111	116	122	116	122	112	106	101	110	115	113
Financial situation compared to 5 years ago	95	95	88	98	100	98	96	96	95	101	106	105	106	97	103	98	100	105	106	103	105	94	98	96	99	103	110	113	114	114	114	109	110	106	115	118	122
Expected financial situation 5 years from now	107	111	97	104	102	109	113	110	103	98	101	103	109	113	103	100	103	117	120	127	128	118	121	125	122	123	129	132	139	132	140	133	132	127	131	134	134
Income to rise faster than prices over the coming year	45	44	39	44	44	51	47	45	45	43	46	51	48	46	43	46	49	55	52	56	61	56	54	53	53	58	60	67	78	76	81	74	67	67	72	74	76
Chance of comfortable retirement compared to before (increase − decrease + 100)	69	66	63	66	73	73	71	72	67	69	70	68	68	67	58	62	68	70	69	73	78	69	75	70	73	77	80	84	95	88	92	83	85	79	86	87	88
Nationwide business conditions4
Compared to a year ago	45	38	33	36	46	55	52	46	44	47	44	55	56	51	43	45	52	70	88	93	83	84	78	78	84	79	76	93	96	92	97	88	69	75	83	89	86
Expectations for a year from now	58	56	49	55	58	63	61	56	55	55	53	61	63	68	57	59	64	80	84	95	103	99	106	103	94	94	92	103	106	106	104	91	81	84	89	89	97
Business conditions over the next 12 months	61	51	45	48	56	65	63	59	56	57	57	61	66	63	50	48	56	73	81	88	97	92	93	88	86	84	79	92	95	93	93	73	57	61	73	70	73
Business conditions over the next 5 years	71	65	56	61	64	66	68	64	61	59	62	70	72	74	60	60	66	83	88	94	96	95	94	92	84	88	84	96	94	92	94	84	63	74	79	76	86
Macroeconomic expectations3
Unemployment next year (fewer − more + 100)	53	47	45	46	52	56	51	48	40	48	47	52	58	59	50	49	47	70	71	83	87	85	81	76	79	82	75	85	83	85	84	79	79	79	77	84	84
Interest rate next year (decrease − increase + 100)	71	68	77	80	94	110	118	116	118	118	124	105	95	88	83	87	83	94	100	114	120	129	133	124	108	101	90	98	102	101	103	80	57	51	54	49	50
Government economic policy (good − bad + 100)	43	38	34	42	50	54	49	48	48	51	54	58	60	60	53	52	56	70	84	86	86	86	85	83	86	78	75	81	81	78	79	71	67	70	76	75	75
Buying conditions4
Durables	69	58	58	66	68	67	67	60	64	72	78	80	91	88	83	82	89	86	106	108	82	85	82	78	81	88	88	109	109	106	111	100	92	102	96	102	101
Vehicles	49	40	39	45	51	52	49	43	43	50	50	51	56	55	48	47	51	59	64	66	61	64	66	56	56	58	63	70	85	76	75	62	56	57	57	65	66
Houses	41	34	38	42	45	46	43	36	41	41	33	35	40	39	33	31	35	30	36	39	33	36	31	23	25	26	28	47	50	46	45	34	34	44	42	47	49
Selling houses	97	99	97	100	103	96	97	90	89	100	97	100	96	101	104	102	105	109	118	119	112	118	117	115	117	119	127	125	125	117	117	112	107	115	126	126	122
Respondent subjective probabilities (Average)5
Chance that income will increase over the coming year	42	41.2	39.7	38.7	40.8	42.4	41.2	40.7	41.8	39.2	41.2	38.8	41.8	39	36.7	37.3	36.5	42.1	42.3	46	43.1	43.9	44.3	43.4	42.9	45.7	49.2	50.1	54.4	55.6	57.8	54.7	53.1	49.8	51.2	52.3	51.9
Chance of real income increase over the next 5 years	25.8	25.7	23.9	25.2	25.7	27.4	27	25.8	26	24.9	27.1	27	25.6	24.3	22	23.9	25	27.6	26.3	27.5	27.1	28.6	28.1	28.2	26.1	29	31.1	33.9	35.8	37.1	39.5	37	33.8	34.7	36	37.3	36.7
Chance of job loss over the next 5 years	20.7	20.8	22.6	20	21.8	22.5	21.1	19.6	23.2	21.7	22.7	20.7	21.2	20.8	21.8	21.1	23.1	19.6	19.3	16.9	19.3	18.9	19.3	18.1	20.2	17.6	19	18	18.1	17.5	17.2	17	18.8	18.6	19.1	18.1	16
Chance of adequate retirement income	47.5	46.8	44.5	44.6	47.3	48.2	47.1	46.8	47.3	46.3	49.1	47	48.9	47.8	44.7	45.8	45.3	44.9	42.8	48.6	45	43.9	46.7	44.5	44.7	33.9	34.6	38	42.8	37.6	41.7	37.5	35.9	35.4	39.6	36.2	38.1
Chance that stock prices will increase over the coming year	60.4	59	57.9	52.8	56.9	58.8	58.1	59.2	58.1	56.1	57.1	56.6	58.5	52.3	44.7	40.2	46.7	55.2	55.9	59.5	59.3	60.1	59.6	59.8	57.2	57	56.8	61.9	61.3	59.2	61.6	57.2	51.1	54.4	51.9	55.8	54.5