US consumer sentiment among non-asset owners has fallen 27% since January 2026, outpacing declines in wealthier groups as inflation pressures mount.
Macro & Markets ·
Consumer sentiment among Americans without stock holdings has declined 25% since January 2026, while those in the bottom third of stockholders fell 27%, significantly outpacing the 9% and 7% drops among wealthier investor cohorts. One-year inflation expectations reached 4.7% this month, marking the second-highest level since August 2025, as asset ownership increasingly shields wealthier consumers from mounting cost-of-living pressures.