00:00America's confidence in the economy has just taken a nosedive, and it's the worst we've
00:04seen in four years.
00:06A new survey shows that consumer confidence has plummeted to 92.9, even lower than experts
00:12predicted.
00:13But it gets worse.
00:16Optimism about income, jobs, and business over the next year just hit its lowest point
00:20in 12 years.
00:22Why does this matter?
00:23Because when Americans get worried, they stop spending, and that's what keeps the economy
00:27alive.
00:29Electric cars, homes, vacations, all on hold when people feel unsure.
00:34What's behind this dramatic dip?
00:37Experts say fear of inflation and recession are growing.
00:40And it's a double hit.
00:42Prices are rising while incomes are stalling, a dreaded mix called stagflation.
00:46Over 23,000 businesses closed last year.
00:50And the uncertainty isn't just economic.
00:52Trump's aggressive tariffs and efforts to slash government jobs are only adding fuel
00:56to the fire.
00:58Confidence is fading fast, and that could be a major blow to an already shaky economy.
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