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News in English (USA) / 25.03.2025 / 18:00

US Consumer Confidence Plummets to 12-Year Low Amid Economic Concerns

Consumer confidence in the United States has reached its lowest point in 12 years, marking the fourth consecutive month of decline. Recent surveys indicate that Americans are increasingly worried about the economy, with expectations for future economic conditions plummeting. Key factors contributing to this downturn include rising inflation, ongoing tariff issues, and trade wars. As a result, consumers are becoming more cautious with their spending, despite intentions to increase expenditures on travel and vacations. Analysts suggest that the deteriorating consumer sentiment is a strong indicator of potential recessionary pressures ahead.
CNBC, Yahoo Finance, ABC News, Castanet.net, CNN International, Semafor, MarketWatch, The Associated Press, The Wall Street Journal, Axios