Trump says the economy is 'roaring.' Consumers aren't convinced
Trump says the economy is 'roaring.' Consumers aren't convinced
New earnings reports and consumer confidence data show that affordability remains a major worry for Americans
Michael Nagle/Bloomberg via Getty Images
President Donald Trump used his State of the Union speech Tuesday night to wave away worries about affordability, touting a “roaring” economy and a country "richer" than ever before. But the data this week suggests that cost of living concerns are still very much front and center for American households.
The Conference Board’s Consumer Confidence Index nudged up 2.2 points in February to 91.2, but that's still well off its late-2024 peak of 112.8. The expectations component improved slightly, but when consumers wrote in........
