In continued disdain for Trump’s economic policies and their subsequent upheaval, American consumers remain wary of what is to come.

The median forecast for May consumer confidence was 53.5, representing a slight increase from the April 2025 sentiment number of 52.20.

However, consumer confidence plunged to an almost record low of just 50.80 points in May.

Consumers are fearful of their continued ability to obtain the goods and services they need at a reasonable price.

To put it in perspective, Consumer Confidence has been tracked in the United States since 1952, and over the 73 years, it has averaged 85.03 points.

The all-time high for Consumer Confidence was in January 2000 with a record 111.40 points – people were optimistic about the future.

The all-time low was recorded during the pandemic in June 2022, when the survey measured sentiment at just 50 points.

That means – without a historic, world-affecting event, like the pandemic – Trump’s Administration has managed to drop the confidence of American consumers to within 0.8 points of the all-time low!

All because of foolish and chaotic economic policy.

The Michigan survey found that both the current conditions index (57.6 vs. 59.8) and the expectations gauge (46.5 vs. 47.3) deteriorated.

American consumers are also highly concerned about their own personal finances, which has seen confidence sink by nearly 10% due to fears of weakening incomes.

The survey saw that tariffs were spontaneously mentioned by nearly three-quarters of consumers, up from almost 60% in April.

Continued uncertainty over trade policy continues to dominate consumers’ thinking about the economy.

Finally, the report found that on the price front, inflation expectations for the year ahead surged to 7.3% from 6.5%, and long-run inflation expectations edged up to 4.6% from 4.4%. 

All of these points add up to consumers feeling less confident about the American economy under Trump.

So much for Trump’s promised ‘golden age.’ It appears to have already tarnished.