Consumer sentiment fell nearly 11% from March to April and 34% from this time last year, according to new data from University of Michigan’s authoritative survey, released Friday.
The drop continued a three-month trend brought about by Trump’s vow to impose tariffs on products imported to the U.S., a promise Trump fulfilled last week in what he called a “Liberation Day” ceremony at the White House.
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The Yale Budget Lab estimated the average household will be $4,700 poorer as a result of Trump’s tariff gamble.
It’s the belief that you can spend your extra money because you’re not going to go broke next week due to the stability of “the economy”.
I’m personally saving every single penny and not buying a single thing beyond what I absolutely unequivocally need.
Note: It’s also entirely possible I may take my extra dough out of my bank and buy gold like one of the crazies on TV because confidence in the dollar is… slipping.