SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
A man shops at a supermarket in New York City on April 10, 2026.
(Photo by Zhang Fengguo/Xinhua via Getty Images)
As Trump Ravages Economy, US Consumer Sentiment Hits Record Low
A Democratic spokesperson said that "Americans are drowning under rising costs, flat wages, high unemployment, and historic layoffs—it's no wonder they're concerned about how they're going to make ends meet."
Apr 24, 2026
As President Donald Trump continues to push his economy-wrecking agenda of tariffs, mass deportations, and military aggression, US consumer sentiment hit an all-time low on Friday, according to the University of Michigan.
The final April figure from the university's Surveys of Consumers was 49.8—slightly higher than the preliminary 47.6 from earlier this month, and the 48 predicted by economists polled by Reuters, but still a record low, down from 53.3 in March.
"Decreases in sentiment were seen across political party, income, age, and education," noted Joanne Hsu, director of the Surveys of Consumers, in a statement. "Expected business conditions declined for both short and long time horizons, nearly matching year-ago readings when the reciprocal tariff regime was implemented."
"After the two-week ceasefire was announced and gas prices softened a touch, sentiment recovered a modest portion of its early-month losses," she continued. "The Iran conflict appears to influence consumer views primarily through shocks to gasoline and potentially other prices. In contrast, military and diplomatic developments that do not lift supply constraints or lower energy prices are unlikely to buoy consumers."
So, it's official: the UMich FINAL Consumer Sentiment reading for April holds at a record low, while stocks are at a record high.
[image or embed]
— Mike Zaccardi, CFA, CMT (@mikezaccardi.bsky.social) April 24, 2026 at 10:01 AM
As Common Dreams reported earlier Friday, as the national average price for a gallon of gasoline sits at $4.059, new Reuters/Ipsos polling shows that fuel costs "are a very big concern" for 78% of Americans, and 77% blame Trump for the recent spikes.
In a social media post about the new University of Michigan record, Groundwork Collaborative highlighted another poll: A Fox News survey found that 52% of US voters questioned April 17-20 believed Democrats would do a better job on the economy than Republicans.
The Fox News poll, released Wednesday, also found that 56% of Americans think Trump's policies are "hurting the economy," and majorities said gas, groceries, healthcare, and housing prices are a "major problem" for their family.
Democrats didn't waste time seizing on the new consumer sentiment finding. Kendall Witmer, rapid response director for the Democratic National Committee, declared that "Donald Trump has tanked the economy for working families."
"Everyday Americans were already struggling to afford rent, groceries, and prescription drugs, and then Trump decided to start a reckless war with Iran and push prices even higher—and for what?" Witmer continued, taking aim at both him and Vice President JD Vance, who has played a key role in negotiations with Iran.
"Americans are drowning under rising costs, flat wages, high unemployment, and historic layoffs—it's no wonder they're concerned about how they're going to make ends meet," Witmer added, "and Trump and JD Vance can't be bothered to make life more affordable for them."
An Urgent Message From Our Co-Founder
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
As President Donald Trump continues to push his economy-wrecking agenda of tariffs, mass deportations, and military aggression, US consumer sentiment hit an all-time low on Friday, according to the University of Michigan.
The final April figure from the university's Surveys of Consumers was 49.8—slightly higher than the preliminary 47.6 from earlier this month, and the 48 predicted by economists polled by Reuters, but still a record low, down from 53.3 in March.
"Decreases in sentiment were seen across political party, income, age, and education," noted Joanne Hsu, director of the Surveys of Consumers, in a statement. "Expected business conditions declined for both short and long time horizons, nearly matching year-ago readings when the reciprocal tariff regime was implemented."
"After the two-week ceasefire was announced and gas prices softened a touch, sentiment recovered a modest portion of its early-month losses," she continued. "The Iran conflict appears to influence consumer views primarily through shocks to gasoline and potentially other prices. In contrast, military and diplomatic developments that do not lift supply constraints or lower energy prices are unlikely to buoy consumers."
So, it's official: the UMich FINAL Consumer Sentiment reading for April holds at a record low, while stocks are at a record high.
[image or embed]
— Mike Zaccardi, CFA, CMT (@mikezaccardi.bsky.social) April 24, 2026 at 10:01 AM
As Common Dreams reported earlier Friday, as the national average price for a gallon of gasoline sits at $4.059, new Reuters/Ipsos polling shows that fuel costs "are a very big concern" for 78% of Americans, and 77% blame Trump for the recent spikes.
In a social media post about the new University of Michigan record, Groundwork Collaborative highlighted another poll: A Fox News survey found that 52% of US voters questioned April 17-20 believed Democrats would do a better job on the economy than Republicans.
The Fox News poll, released Wednesday, also found that 56% of Americans think Trump's policies are "hurting the economy," and majorities said gas, groceries, healthcare, and housing prices are a "major problem" for their family.
Democrats didn't waste time seizing on the new consumer sentiment finding. Kendall Witmer, rapid response director for the Democratic National Committee, declared that "Donald Trump has tanked the economy for working families."
"Everyday Americans were already struggling to afford rent, groceries, and prescription drugs, and then Trump decided to start a reckless war with Iran and push prices even higher—and for what?" Witmer continued, taking aim at both him and Vice President JD Vance, who has played a key role in negotiations with Iran.
"Americans are drowning under rising costs, flat wages, high unemployment, and historic layoffs—it's no wonder they're concerned about how they're going to make ends meet," Witmer added, "and Trump and JD Vance can't be bothered to make life more affordable for them."
From Your Site Articles
- Consumer Sentiment Tanks, Prices Rise, Growth Stalls as Trump’s Illegal and Costly Iran War Pushes Economy to the Brink ›
- US Consumer Sentiment Falls to Second-Lowest Level in 70+ Years—And It's Likely to Get Worse ›
- Consumer Sentiment Falls to Near-Record Low as Trump Wrecks Hope in US Economy ›
- ‘America’s Not OK’: Surveys Show US Wellbeing in Steep Decline Under Trump ›
As President Donald Trump continues to push his economy-wrecking agenda of tariffs, mass deportations, and military aggression, US consumer sentiment hit an all-time low on Friday, according to the University of Michigan.
The final April figure from the university's Surveys of Consumers was 49.8—slightly higher than the preliminary 47.6 from earlier this month, and the 48 predicted by economists polled by Reuters, but still a record low, down from 53.3 in March.
"Decreases in sentiment were seen across political party, income, age, and education," noted Joanne Hsu, director of the Surveys of Consumers, in a statement. "Expected business conditions declined for both short and long time horizons, nearly matching year-ago readings when the reciprocal tariff regime was implemented."
"After the two-week ceasefire was announced and gas prices softened a touch, sentiment recovered a modest portion of its early-month losses," she continued. "The Iran conflict appears to influence consumer views primarily through shocks to gasoline and potentially other prices. In contrast, military and diplomatic developments that do not lift supply constraints or lower energy prices are unlikely to buoy consumers."
So, it's official: the UMich FINAL Consumer Sentiment reading for April holds at a record low, while stocks are at a record high.
[image or embed]
— Mike Zaccardi, CFA, CMT (@mikezaccardi.bsky.social) April 24, 2026 at 10:01 AM
As Common Dreams reported earlier Friday, as the national average price for a gallon of gasoline sits at $4.059, new Reuters/Ipsos polling shows that fuel costs "are a very big concern" for 78% of Americans, and 77% blame Trump for the recent spikes.
In a social media post about the new University of Michigan record, Groundwork Collaborative highlighted another poll: A Fox News survey found that 52% of US voters questioned April 17-20 believed Democrats would do a better job on the economy than Republicans.
The Fox News poll, released Wednesday, also found that 56% of Americans think Trump's policies are "hurting the economy," and majorities said gas, groceries, healthcare, and housing prices are a "major problem" for their family.
Democrats didn't waste time seizing on the new consumer sentiment finding. Kendall Witmer, rapid response director for the Democratic National Committee, declared that "Donald Trump has tanked the economy for working families."
"Everyday Americans were already struggling to afford rent, groceries, and prescription drugs, and then Trump decided to start a reckless war with Iran and push prices even higher—and for what?" Witmer continued, taking aim at both him and Vice President JD Vance, who has played a key role in negotiations with Iran.
"Americans are drowning under rising costs, flat wages, high unemployment, and historic layoffs—it's no wonder they're concerned about how they're going to make ends meet," Witmer added, "and Trump and JD Vance can't be bothered to make life more affordable for them."
From Your Site Articles
- Consumer Sentiment Tanks, Prices Rise, Growth Stalls as Trump’s Illegal and Costly Iran War Pushes Economy to the Brink ›
- US Consumer Sentiment Falls to Second-Lowest Level in 70+ Years—And It's Likely to Get Worse ›
- Consumer Sentiment Falls to Near-Record Low as Trump Wrecks Hope in US Economy ›
- ‘America’s Not OK’: Surveys Show US Wellbeing in Steep Decline Under Trump ›
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.