Consumer confidence among California residents has plummeted 31% since October, marking the most significant decline among U.S. states tracked. This decline is attributed to worries over economic policies under the Trump administration and fears of a potential recession, as hiring rates reach a 14-year low. The state's confidence is now at its lowest since December 2020, reflecting deepening concerns about both current economic conditions and future expectations, mirroring a national trend of declining consumer optimism since the election.
California's consumer confidence is at its lowest point since December 2020, largely due to worries about economic policies and fears of a recession.
Californians are particularly concerned about the Trump administration's economic policies, including trade battles and immigration promises, leading to a significant decline in consumer confidence.
The Conference Board's consumer confidence indexes show a drastic 31% drop in California's optimism since October, the largest among the states tracked.
The drop in consumer confidence reflects broader national trends, with a 22% decline since October, indicating widespread economic uncertainty.
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