The David Lin Report · Tuesday, September 29, 2026
Consumer optimism in the US has fallen to its lowest point since 2014, even surpassing the lows of the COVID-19 era. This decline is attributed to a combination of factors including expensive fuel, mortgage rates exceeding 7%, and weakening job prospects.
“Expensive fuel, mortgage rates now above 7%, and weaker job prospects have slayed consumer optimism to the lowest level since 2014, according to recent data from the Conference Board.”
“Now, that's lower than the COVID era, to put things into perspective.”