Trump tariff threats have Americans ‘doom spending.’ Here’s why that’s bad

Economic uncertainty, fueled by rising costs and government instability, is driving a surge in impulsive spending among Americans. A significant portion of the population is buying more than usual due to anxiety about the future. Fear of President Trump's tariffs on goods from Canada and Mexico is a major contributing factor, with many consumers fearing increased prices. The threat of tariffs impacts purchasing decisions for a substantial number of respondents. Concerns about another pandemic are also prompting increased spending on essential supplies and stockpiling. Large purchases, such as electronics and home improvements, are prevalent. The survey reveals a concerning trend of increased reliance on credit cards to fund these purchases. A substantial percentage of respondents anticipate worsening or incurring credit card debt this year. This doom spending reflects a growing sense of economic insecurity among Americans.