AMERICANS ARE CUTTING SPENDING, PRIORITIZING ESSENTIALS OVER TRAVEL AND LIFESTYLE EXPENSES
— First Squawk (@FirstSquawk) May 1, 2026
#BREAKING: Reports say millions of Americans are stuck with vacant and flipped homes, listing high and refusing to sell over fears of steep sale taxes.
— Insider Wire (@InsiderWire) May 1, 2026
"Most Americans care deeply about inflation, gas prices, and other pocketbook issues, and they want Washington to respond to their economic anxieties. Yet the U.S. government seems to be going in the opposite direction," per TIME
— unusual_whales (@unusual_whales) May 1, 2026
American consumer confidence is trending lower among most generations:
The 6-month average of the Consumer Confidence Index for Generation X is down to ~78 points, the lowest in at least 4.5 years.
At the same time, the gauge for Baby Boomers is down to ~83 points, the lowest since at least October 2021.
Confidence readings for both age groups have been in a steady decline since early 2025.
Similarly, the Silent Generation’s Consumer Confidence Index is down to ~91 points, the weakest level in at least 4.5 years.
Generation Z remains below its 2021-2025 range, despite rising slightly in April to ~110 points.
Consumer confidence continues to erode.
American consumer confidence is trending lower among most generations:
The 6-month average of the Consumer Confidence Index for Generation X is down to ~78 points, the lowest in at least 4.5 years.
At the same time, the gauge for Baby Boomers is down to ~83 points, the lowest… pic.twitter.com/GrNVL2yKPO
— The Kobeissi Letter (@KobeissiLetter) May 1, 2026
Drivers react to rising gas prices:
"I just pray that things get better for us… I was paying, like, $25. Now it goes up close to $35… When I got home I cried when I saw $4.22. Now I'm going to pay $4.69." pic.twitter.com/lSJ9PO4Smy
— FactPost (@factpostnews) May 1, 2026
VACATION CANCELED? WAR HITS SUMMER TRAVEL…
“The Iran war threatens to disrupt summer travel as it sends oil prices surging — and flight and hotel bookings are already dipping, industry experts warn.
The big picture: Rising oil prices and dwindling supplies are hitting travel as drivers face higher gas prices and airlines in the U.S. and elsewhere cut flights and raise ticket costs and baggage fees.”