Following Donald Trump's inauguration for his second term, California shoppers are increasingly anxious, as evidenced by a 7% drop in consumer confidence, hitting a 30-month low. This decline followed three consecutive months of diminishing optimism since October. Concerns about Trump's economic policies, compounded by factors like a challenging job market and living costs, contribute to shoppers' apprehension about their financial futures. Notably, Californians had previously shown enthusiasm during Trump's first term, making the current atmosphere of uncertainty particularly stark.
California’s consumer confidence has reached a 30-month low, reflecting growing anxieties over economic uncertainty as Trump's presidency resumes.
Optimism in California fell 7% in January and is now significantly below October levels, illustrating a deepening concern among shoppers.
The statewide expectations index dropped 10% in January alone as Californians express heightened worry about their financial futures amid evolving economic policies.
Historical data shows a stark contrast from Trump’s first term where confidence rose significantly in early 2017, highlighting changing perceptions today.
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