It's called "consumer spending", it measures what people actually DO, not what they feefee.
I'm sorry...are you confused about the chart...or are you making a point about consumer spending separate from the chart.
You don't seem very intelligent so i'll assume you wrongly think consumer sentiment is the same as consumer spending.
It is not.
In the unlikely event you are attempting to make a case for Consumer Spending... understand that Consumer Spending today is being fuel almost exclusively by RECORD credit card debt.
From five days ago...
"
Americans’ credit card debt hits a record $1 trillion
By Alicia Wallace, CNN
Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.
During the second quarter, credit card balances shot up by $45 billion, or nearly 4.6%, to land at $1.03 trillion, according to the New York Fed’s latest Quarterly Report on Household Debt and Credit.
Rising credit card debt and auto loan balances helped to drive overall household debt levels up 1%, to $17.06 trillion for the quarter, the report showed. Overall household debt has spiked by $2.9 trillion since the end of 2019, before the pandemic. The New York Fed’s debt balances are nominal and not adjusted for inflation.
These increases are coming at a time when interest rates have quickly vaulted to a 22-year high."