Experts warn of slowing economy after score based on Americans’ financial outlooks fell by 32% since January
US consumer sentiment plummeted in April after Donald Trump’s trade war threw the global economy into chaos, according to a new report.
The index of consumer sentiment, a score based on a monthly survey asking Americans about their financial outlooks, fell by 32% since January – the largest drop since the 1990 recession, according to the University of Michigan’s Institute for Social Research.
“Expectations worsened for vast swaths of the population across age, education income and political affiliation,” said Joanne Hsu, director of the surveys of consumers, in a statement. “Consumers perceived risks to multiple aspects of the economy, in large part due to ongoing uncertainty around trade policy and the potential for a resurgence of inflation looming ahead.”
Depends on how much longer they let the president actively make it worse.
Chuck Shumer smugly cut the cable to the last remaining breaks on that train by passing the budget while not resisting or addressing illegal cuts to the government from DOGE/Musk and then he turned around and started lecturing leftists about being antisemitic for being against a genocide.
This isn’t stopping anytime soon.
An everything bubble pumped up to the max and a bunch of idiots running around stabbing everything to see if it bleeds money. It feels like this will end in “So we broke this one. Can we get a new global economic system? It’s kinda urgent.”