Consumer Confidence in U.S. Economy Hits 12-Year Low

A recent wave of surveys indicates that consumer confidence in the U.S. economy has plummeted to its lowest level in 12 years. According to reports from CNBC, Yahoo Finance, ABC News, and The Wall Street Journal, the downturn in consumer sentiment is attributed to a variety of factors, including rising tariffs and broader economic uncertainties.

The CNBC survey highlighted a significant drop in consumer confidence, marking the lowest point since March 2013. Similarly, Yahoo Finance reported that Americans' expectations for the economy have hit a 12-year low, reflecting a deep-seated pessimism among the public. ABC News pointed out that consumer attitudes have worsened more than expected, with many citing President Trump's tariffs as a contributing factor to their economic unease.

The Wall Street Journal added to the narrative by noting that the latest consumer surveys in March show a clear decline in sentiment, further evidencing the challenging economic climate. This widespread dip in confidence is raising concerns among economists and policymakers about the potential impact on consumer spending and overall economic growth.

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