# She has not had to shell out for higher gas prices since the war in the Middle East began.

*business · news · 2026-04-10 · Spokane Spokesman-Review*

## Key points

- The U.S. personal savings rate is at its lowest since 2008, excluding pandemic swings.
- University of Michigan's consumer sentiment survey hit its lowest level on record due to price and asset concerns.
- Economists say a sustained $120 oil price or 20% stock drop could significantly reduce consumer spending.
- Recent larger-than-normal tax refunds and high investment account values are currently supporting consumer resilience.
- Home prices have risen over 50% nationwide in five years, boosting perceived financial security for many homeowners.

**Companies:** Bank of America, Vanguard
**Countries:** United States

[Read the full story on Spokane Spokesman-Review](https://www.spokesman.com/stories/2026/apr/10/consumer-spending-engine-of-the-us-economy-is-unde/)

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