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Plummeting U.S. Consumer Confidence Reaches Near-Record Low: University of Michigan Poll Findings Reveal
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While consumer sentiment reels back, we're breaking down what's making it hit the skids. According to a University of Michigan study, the Index of Consumer Sentiment took a dive to 50.8 in May 2025, marking the second-lowest rating ever recorded since the survey began in 1952. Moreover, sentiment has plummeted nearly 30% since January 2025.
Note: Consumer sentiment reflects citizens' assessments of their personal finances and economic outlook.
Why the decline? You guessed it - tariffs and trade policy uncertainty continue to top consumers' minds! Almost 75% of respondents mentioned tariffs spontaneously, up from almost 60% in April. Additionally, inflation expectations are skyrocketing, with one-year inflation expectations climbing to 7.3%.
Joanne Hsu, the Director of Surveys of Consumers, shared an insightful comment on the state of consumer sentiment:
"Slight improvements in sentiment this month for independents were offset by a 7% decline among Republicans."
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[1] Consumer Sentiment Index, University of Michigan [https://www.sca.isr.umich.edu/ indices/Incoming_Data/#charts]
[2] Consumer Sentiment Survey, May 2025, University of Michigan [https://www.sca.isr.umich.edu/uploads/pdf/2021/csmay2025-water.pdf]
[3] Consumer Sentiment Survey, April 2025, University of Michigan [https://www.sca.isr.umich.edu/uploads/pdf/2021/csmay2025-water.pdf]
[4] Graph: Consumer Sentiment Index, January 2025 – May 2025, University of Michigan [https://www.sca.isr.umich.edu/index.php/ resources/releases/charts-and-tables/index-of-consumer-sentiment/202505/]
[5] Graph: Change in Consumer Sentiment, January 2025 – May 2025, University of Michigan [https://www.sca.isr.umich.edu/index.php/ resources/releases/charts-and-tables/index-of-consumer-sentiment/202505/]
In the world of finance and digital assets, staying updated on Bitcoin, Ethereum, Altcoins, and Trading is crucial. Amidst increasing trade policy uncertainties and tariffs, the Consumer Sentiment Index has dipped to 50.8, a level reminiscent of historical lows. On a positive note, the ongoing developments in the blockchain and cryptocurrency sector, such as Binance Alpha's foray into Web 3.0 or GSR's investment in Maverix Securities, indicate a potential future for these digital assets in the business landscape.
