US Consumer Sentiment Drops off the Cliff

US consumer sentiment has fallen to its second-lowest point in more than 70 years, signaling a concerning trend that is likely to deteriorate further in the coming months.

The University of Michigan’s Surveys of Consumers, released on Friday, revealed that U.S. consumer sentiment took a nosedive of 11% at the beginning of April compared to the previous month. This decline was widespread and unanimous across all demographics, including age, income, education, geographic region, and political affiliation.

The latest report indicates that overall consumer sentiment has now dropped to its second-lowest level since the early 1950s. Lindsay Owens, the executive director of the Groundwork Collaborative, expressed her concerns in a statement, emphasizing that today’s plummeting consumer sentiment numbers may just be the tip of the iceberg.

Thanks to Trump’s reckless trade policies, markets are in chaos, retirement accounts are in shambles, and shipping orders have come to a screeching halt. Brace yourselves for price spikes, shortages, and the looming threat of a recession in the near future, according to Owens. 

To add insult to injury, as consumers brace themselves for impending disaster, Congress is recklessly tearing apart the safety net they might desperately need when the economic catastrophe hits. President Trump isn’t just failing to lead; he’s plunging us headfirst into a reckless kamikaze mission, oblivious to the chaos he’s creating.

If the administration can secure even a few deals in this chaotic time, we should brace ourselves for the heavy weight of drastically increased tariffs, effectively slapping tax hikes on American consumers and businesses. It is utterly baffling why the world is being forced to endure such pointless drama!