Consumer Sentiment Plunges On 401K Drop

(Before It's News)

zerohedge.com / by Andrew Zeitlin of Moneyball Economics  on 10/01/2015 11:13

Connect the Dots

The University of Michigan’s Consumer Sentiment dropped from 91.9 to 85.7 – the lowest level in a year.

Meanwhile the S&P 500 remains down, -5% year over year and -10% since July.

It’s no coincidence that consumer sentiment stumbled at the same time that the stock market plunged.

Coming back from Summer vacations, households saw:

• The deepest drop in 401K wealth in years
• The most prolonged drop in years

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The post Consumer Sentiment Plunges On 401K Drop appeared first on Silver For The People.

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