Consumers Worried About Labor Markets Amid Trade Policy Volatility

Widespread concerns over economic policy developments are further dampening consumer sentiment, according to the U-M Survey of Consumers’ April 2025 report. The potential resurgence of inflation, coupled with expectations of slower income growth, signals potential challenges for consumer spending this summer. As worries grow over the future of the economy, the question remains: what’s next for consumers—and how might these trends reshape the economic landscape in the months ahead? Keep reading to find out.