Consumer Sentiment Plummets Amid Economic Concerns
U.S. consumer sentiment has sharply declined as fears over inflation, trade tariffs, and possible recession weigh heavily on shoppers. Recent reports indicate that expectations for inflation have reached a 32-year high, contributing to a significant drop in consumer confidence, which is now at its lowest level since 2022. With tariff-related anxieties and slumping stock markets, Americans are cutting back on spending, signaling distress across all income levels. Surveys show that economic uncertainty is troubling for consumers, further exacerbating fears of a slowdown in demand and potential economic downturn.
Financial Times, CNBC, The Wall Street Journal, Reuters, ABC News, The Associated Press, CBS News, The New York Times, Axios, CNN International