US consumer confidence has plunged to its lowest point in four years — and Americans are bracing for the worst. A new survey reveals collapsing optimism about income, jobs, and the economy, hitting levels not seen in over a decade. With over 23,000 businesses shutting down and inflation fears rising, the threat of stagflation looms large. In this video, we break down why confidence is crashing, how Trump's economic policies play into it, and what it could mean for the future of the U.S. economy.
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00:00America's confidence in the economy has just taken a nosedive, and it's the worst we've
00:04seen in four years.
00:06A new survey shows that consumer confidence has plummeted to 92.9, even lower than experts
00:12predicted.
00:13But it gets worse.
00:16Optimism about income, jobs, and business over the next year just hit its lowest point
00:20in 12 years.
00:22Why does this matter?
00:23Because when Americans get worried, they stop spending, and that's what keeps the economy
00:27alive.
00:29Electric cars, homes, vacations, all on hold when people feel unsure.
00:34What's behind this dramatic dip?
00:37Experts say fear of inflation and recession are growing.
00:40And it's a double hit.
00:42Prices are rising while incomes are stalling, a dreaded mix called stagflation.
00:46Over 23,000 businesses closed last year.
00:50And the uncertainty isn't just economic.
00:52Trump's aggressive tariffs and efforts to slash government jobs are only adding fuel
00:56to the fire.
00:58Confidence is fading fast, and that could be a major blow to an already shaky economy.