In response to today’s consumer confidence report, DNC Chair Ken Martin released the following statement:

“Donald Trump promised to lower costs on Day 1, but instead it’s Day 64 and Americans’ confidence in Trump’s economy is falling for the second month in a row. While Trump scams working families to line his billionaire backers’ pockets, Americans’ expectations for future income and jobs have hit a 12-year low. Americans are making it clear: They have no faith in Trump’s failing economy and are scared for the future.” 

NEW: Consumer confidence tumbled and Americans’ expectations for future income and jobs fell to a record low as Americans lose faith in Donald Trump’s failing economy.

Associated Press: “The Conference Board’s report Tuesday said that the measure of Americans’ short-term expectations for income, business and the job market fell 9.6 points to 65.2. That’s the lowest reading in 12 years. The Conference Board says a reading under 80 can signal a potential recession in the near future.”

Bloomberg: “US Consumer Confidence Tumbles Again to Lowest Since Early 2021”

“US consumer confidence fell in March to the lowest in four years on concerns about higher prices and the economic outlook amid the Trump administration’s escalating tariffs. …

“Consumer sentiment surveys from The Conference Board and University of Michigan have been dismal of late as households fear a resurgence in inflation from President Donald Trump’s tariffs. Companies have warned of higher prices and less demand, coinciding with economists’ forecasts that suggest a risk of stagflation and rising odds of recession.

“Inflation expectations over the coming year increased to the highest level in two years. A similar metric from the Michigan survey climbed in early March to the highest since 2022.”

CNBC: “Consumer confidence in where the economy is headed hits 12-year low”

“Consumer confidence dimmed further in March as the view of future conditions fell to the lowest level in more than a decade, the Conference Board reported Tuesday.”

As Trump refuses to rule out a recession, prices climb and consumer confidence plummets thanks to his reckless agenda.

Politico: “Trump won’t rule out a recession in 2025”

The Telegraph: “Economists are starting to worry about a serious Trump recession”

New York Times: “The United States economy is starting to show signs of strain as President Trump’s abrupt moves to shrink federal spending, lay off government workers and impose tariffs on America’s largest trading partners rattle businesses and reverberate across states and cities.”

Reuters/Ipsos: “[A] majority of Americans also believe that the national economy (53%) is off on the wrong track, as is their cost of living (64%).”

Elon University: “More than 80% of respondents said they believe tariffs will lead to increased prices, with 45% expecting significant hikes.”

CNN: “A new CNN poll shows 62% of Americans feel Trump hasn’t done enough to tackle inflation. Nearly the same share of Americans view inflation as ‘a very big problem,’ according to a Pew Research poll”