US Consumer Sentiment Drops to Second-Lowest Level Since 1952

Economic fears grow as inflation expectations hit a 44-year high and unemployment concerns reach levels last seen in 2009.

The University of Michigan's April 2025 survey recorded an 11% drop in consumer sentiment, bringing the index to 50.8, the second-lowest reading since records began in 1952.
Inflation expectations surged to 6.7% for the next year, the highest level since 1981, with five-year expectations climbing to 4.4%, marking sustained consumer anxiety over rising prices.
Unemployment fears have intensified, with the share of respondents expecting job losses reaching its highest level since the Great Recession in 2009.
The sentiment decline was consistent across all demographics, including age, income, education, and political affiliation, signaling widespread economic pessimism.
Recent volatility in trade policy, including a 90-day pause on aggressive tariffs, has added to economic uncertainty, with concerns about recession risks and reduced consumer spending growing.