WASHINGTON – President Trump promised to lower costs on day one. Ten months into his second term, his administration now says America’s affordability crisis is a 2026 problem. Meanwhile, everyday Americans are being laid off in record numbers – surging past one million this year – and credit card debt is crushing households. New data further underscores how American consumers feel about Trump’s economy as he kicks the can down the road on the highest priority for families.
Today, the University of Michigan’s consumer sentiment index preliminary data indicated that sentiment fell to 50.3 in November, down from 53.6 in October and nearly three points below expectation, marking another setback for household confidence as sentiment reaches the lowest level in three years.
Chief of Policy and Advocacy at Groundwork Collaborative, Alex Jacquez, shared his reaction:
“Americans are losing faith in the economy because they’re losing ground. Every day it becomes clearer that President Trump has no real interest in improving the lives of American families. His economic mismanagement has left households buried under record debt and rising prices.
It’s no surprise consumer sentiment is at its lowest point since 2022 and households are turning to leaders who didn’t just learn the word ‘affordability.’”
This article was first published on Common Dreams and republished here under a Creative Commons BY NC ND License. Read the original article.
