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Goldman Sachs blames 'lower happiness' for struggling consumer sentiment

By Info60 US Desk•Summary of reporting by CNBC•Sep 19, 2026•0 views•

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

Goldman Sachs identified a potential culprit for sour consumer sentiment readings: A decline in happiness. The consumer sentiment index tracked by the University of Michigan hit record lows this year. The index fell 13% year over year in September, d... [2097 chars]

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