Part 6/8:
Alongside the declining consumer sentiment is increasing job insecurity. Reports indicate that job confidence has plummeted to levels lower than during the early pandemic phase. Many people are discouraged about their job prospects, leading them to pursue additional income sources like side hustles—reflecting a preemptive strategy against potential job losses.
Compounding these worries is an anticipated rise in tariffs, projected to cost households an additional $1,200 annually. As inflation continues to hinder economic stability, the combination of rising costs and diminished job security paints a bleak picture for many Americans.