Americans are increasingly anxious about their financial prospects, with a closely watched gauge of consumer confidence slumping to a 12-year low amid growing concerns about tariffs and inflation.

Optimism about future income — which had held up quite strongly in the past few months — largely vanished," according to The Conference Board.

U.S. consumer confidence fell for the fourth straight month as Americans' anxiety about their financial future declined to a 12-year low amid rising concern over tariffs and inflation. The Conference Board reported Tuesday that its consumer confidence index fell 7.

The University of Michigan survey’s poorest result since 2022 reflects economic-policy anxiety.

The slide in consumer sentiment continues. The final reading of the University of Michigan’s consumer sentiment index came in at 57 in March, falling for a third consecutive month. Economists polled b

Consumers took a gloomier view of the economy in March, the University of Michigan’s monthly survey showed. The headline index came in at 57, the lowest level since late 2022, and below a preliminary reading of 57.