Consumer confidence in the United States has rebounded but remains close to record lows.

Consumer confidence in the United States rose in June, and the decline in gasoline prices eased the high inflation pressure faced by American people. A survey released by the University of Michigan on Friday showed that the final consumer confidence index for June rose from a record low of 44.8 in May to 49.5. Although higher than the preliminary value, it is still the second lowest level since the 1970s when the data was first recorded. Consumers expect prices to rise by 4.6% in the next year, lower than the 4.8% expected in May. They also expect prices to rise at an annual rate of 3.3% over the next 5 to 10 years, erasing the sharp increase from the previous month. In the past few weeks, the average price of gasoline in the United States has dropped by over 60 cents per gallon, boosting residents' confidence. The report shows that consumer confidence has improved among different income groups and political inclinations. However, Joanne Hsu, the head of the survey, stated: "The cost of living is still the most concerning issue for consumers. More than half of consumers voluntarily mentioned that high prices are dragging down their personal financial situation."