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Consumer confidence in the US plummeted to a pandemic low in April, falling 7.9 points to 86, according to the Conference Board. This marks the fifth consecutive monthly decline, fueled by anxieties over tariffs and potential recession. Nearly one-third of consumers anticipate slower hiring, mirroring levels seen during the 2009 recession. The decline is most pronounced among higher-income households and those aged 35-55. Economists warn that decreased consumer spending could lead to slower economic growth. Upcoming reports on economic growth and hiring are expected to show a slowdown.

Prepared by Christopher Adams and reviewed by editorial team.