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Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames 'lower happiness'

Summary by CNBC
Goldman economist Joseph Briggs said broader pessimism in society may be contributing to struggling consumer sentiment even as the economy chugs along.

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(New York = Yonhap News) Correspondent Lim Soo-jung = Unlike the relatively robust trend of major U.S. macroeconomic indicators, economic sentiment indicators are expected to reach a record low this year...

·Seoul, Korea (the Republic of)
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Illustrative image Photo: PexelsGoldman points to a fall in happiness and confidence as a reason for the weak feeling of the consumer

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Bias Distribution

  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left

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CNBC broke the news in Englewood Cliffs, United States on Saturday, September 19, 2026.
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