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The University of Michigan’s latest survey reveals consumer sentiment has plummeted to its second-lowest level ever, with inflation expectations surging across party lines. Economic uncertainty and trade policy concerns continue to weigh heavily on American households.
- Consumer sentiment index drops to 50.8, just above the all-time low of 50 recorded in June 2022
- 75% of consumers now mention tariffs unprompted, up from 60% in April, showing growing trade policy concerns
- Year-ahead inflation expectations jump to 7.3%, with increases seen across political affiliations
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