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U.S. Consumer Confidence Hits Lowest Since 2021

3/25/2025

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Summary

Story summary

U.S. consumer confidence declined for the fourth straight month in March, reaching 92.9, the lowest since January 2021.
The Expectations Index fell 9.6 points to 65.2, indicating a potential recession.
Inflation concerns and trade policy impacts affected consumer sentiment, especially for those aged 55 and older.
Only 37.4% anticipate rising stock prices, while inflation expectations increased to 6.2%.

History

Historical Context

The decline in U.S. consumer confidence echoes past economic downturns, notably the 1970s stagflation. Rising inflation and stagnant growth led to similar consumer pessimism. Historical patterns show that economic shocks, like the COVID-19 pandemic, can trigger prolonged consumer uncertainty, foreshadowing potential recessions.

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Story summary

U.S. consumer confidence declined for the fourth straight month in March, reaching 92.9, the lowest since January 2021.
The Expectations Index fell 9.6 points to 65.2, indicating a potential recession.
Inflation concerns and trade policy impacts affected consumer sentiment, especially for those aged 55 and older.
Only 37.4% anticipate rising stock prices, while inflation expectations increased to 6.2%.

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