Consumer confidence is sliding as Americans' view of their financial futures slumps to a 12-year low
apnews.com
U.S. consumer confidence continued its sharp 2025 decline as Americans’ views about their financial futures fell to a 12-year low, driven by rising concerns over tariffs and inflation.

cross-posted from: https://lemmy.world/post/27382163

U.S. consumer confidence fell for the fourth straight month as Americans’ anxiety about their financial futures declined to a 12-year low amid rising concern over tariffs and inflation.

  • venotic@kbin.melroy.org
    4·
    8 days ago

    “I just don’t think that there’s been a very strong correlation between the confidence data and actual consumer spending in recent years,” Stephen Miran, the chairman of the Council of Economic Advisers, told CNBC on Tuesday. “You go out in the street, people are going about their lives, you know, they’re getting their paychecks, they’re spending their paychecks, the economy is marching on ahead.”

    Which people though? The wealthy? Yeah, of course it’s not affecting them.