Americans are ‘doom spending’ as a result of Trump’s trade policy, new report reveals

Quick Summary:

Some 27% of Americans say they’ve stockpiled goods, and 14% say they plan to hoard goods soon.

Other common purchases have been home improvement materials (18%), home appliances (14%), cars (12%), furniture (12%), and homes (4%).

John Egan, a personal finance expert for CreditCards.com, said that these habits “can lead to piling up credit card debt.

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Article Details

Author / Journalist: Stuart Dyos

Category: EconomyBusiness

Markets: United States

Topics: Consumer Spending

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-25 @ 10:17:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 352 words

Reading Time: 2 minutes read

Sentences: 4 lines

Sentence Length: 88 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28206184

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Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 11 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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