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Schwab Network

May's Consumer Sentiment Sinks: Rising Gas Prices Remain Biggest Culprit

7 min22 maj 2026

Eddie Yoon breaks down May's consumer sentiment report as it comes in at a record low. Ukraine's attacks on Russian oil supply, paired with the U.S.-Iran War, are key reasons he believes are driving sentiment lower. Eddie also highlights that addiction to doom scrolling and the impact of GLP-1 drugs.Eddie Yoon breaks down May's consumer sentiment report as it comes in at a record low. Ukraine's attacks on Russian oil supply, paired with the U.S.-Iran War, are key reasons he believes are driving sentiment lower. Eddie also highlights that addiction to doom scrolling and the impact of GLP-1 drugs.

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