Consumer sentiment remained stagnant in May, as both spending expectations and economic confidence saw little change from the prior two months, according to the Discover U.S. Spending Monitor. The Monitor, a poll of 8,200 consumers tracking economic confidence and spending intentions on a daily basis, rose 0.1 to 89.5 in May. That figure is down from this year’s high of 93.1, reported in January, and reflects the pressure that high gas prices and continued high unemployment are putting on budgets and finances.
