Half of households fear negative impact of US policies on personal finances, according to credit union survey
US consumer sentiment has plummeted this month amid growing concern about the direction of the Trump administration's economic policies. Photograph: Getty Images
Economist Austin Hughes, who authored the report, said the February reading was significantly lower than the long-term series average of 84.2. Two-thirds of survey respondents said potential changes to US policy will affect the Republic’s economy negatively and one in three believe that impact will be substantial.
Half of consumers, meanwhile, are nervous that trade and tax policy shifts in the US could impact their household finances.
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