Consumer Mood Darkens As Households Feel Pressure From Persistent Prices And Slower Hiring Trends - video Dailymotion

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2 days ago

U.S. consumer sentiment slid to 53.3 as households worried about prices, jobs, and Trump’s tariffs, even though spending has held up. The drop pushes sentiment close to 2022 lows, with lower-income families cutting back while wealthier consumers keep spending.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03American households are ending the year feeling gloomier about the economy,

00:06even as spending remains steady, according to The Wall Street Journal.

00:10The University of Michigan's Consumer Sentiment Index fell from above 70

00:14in January to 53.3 in early December after worries about high prices,

00:19a fragile job market, and Trump's tariffs.

00:22The previous reading dropped to 51 due to the government shutdown.

00:26Sentiment neared the June 2022 record low of 50 this spring

00:30after the tariff rollout sent markets tumbling and raised inflation fears.

00:34Less affluent households are pulling back on purchases

00:37while wealthier consumers continue spending.

00:40For all things money, visit Benzinga.com.

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