Consumers are cutting back on spending due to tariff worries, causing financial stress.

From Yahoo Finance: 2025-04-19 05:04:00

Tariffs are causing stress for American consumers, leading to uncertainty about spending. The Kearney Consumer Institute found that shoppers are wary and adopting a ‘wait-and-see’ approach similar to the pandemic. Trade concerns have grown, with 54% worried about trade disputes affecting them personally, up from 36% in 2024. Consumers may have to eliminate products due to tariff price increases. Middle-income consumers are saving more and using less debt due to worries about the housing market. Lower-income consumers show less concern, while upper-income consumers face a sharp drop in outlook scores. Upper-income consumers are spending early to avoid potential tariff impacts.



Read more at Yahoo Finance: Consumers worried about tariffs are pulling back on spending: See study