Consumers’ Worst Fears for 2025
Consumers continue to feel uncertain about current economic conditions while worries still remain regarding our political environment.
Key Takeaways:
The Michigan Consumer Sentiment Index hit its lowest since 2022, dropping to 57.9 for the month of March which was well below set expectations
This is the third month it has declined, down from 64.7 for the month of February
Consumers fear higher than usual price increases, anticipating increases of 4.9%
Major concerns from consumers about personal finances, the labor market, inflation, business conditions and the stock market
Frequent changes in economic policies and tariff wars make it difficult for consumers to plan for the future accordingly
To read more, check out this link: Consumers Haven't Felt This Bad About the Economy Since 2022