According to online reports, according to analysis by The Kobeissi Letter, U.S. consumers 'expectations for the economy have dropped to crisis levels: the consumer confidence index plunged 8 points and fell to 86 points in April, the weakest level since May 2020. This also marks the fifth consecutive month of decline, with a decline in confidence widespread among all age groups and most income groups. Worryingly, consumer expectations for the next six months fell 13 percentage points to 54 points, the lowest level since October 2011. Typically, a reading below 80 signals an upcoming recession, according to the U.S. Conference Board. Americans are unprecedentedly pessimistic about the future of the economy.