U.S. Consumer Confidence Hits Lowest Level Since 2022, Recession Concerns Deepen

The Expectations Index drops to its weakest point since 2013, with inflation fears and trade policy worries weighing heavily on sentiment.

The Consumer Confidence Index fell to 92.9 in March 2025, marking the fourth consecutive monthly decline and the lowest reading since late 2022.
The Expectations Index, a key recession indicator, dropped to 65.2, its lowest level since 2013, signaling heightened risks of economic contraction.
Inflation expectations rose to 6.2% in March, driven by concerns over rising prices for essentials and the impact of tariffs on goods like electronics and appliances.
Older Americans and Democrats reported the sharpest declines in confidence, while younger consumers and high-income households showed relative resilience.
Stock market volatility, including the S&P 500 entering correction territory earlier this month, has further eroded consumer sentiment.