{"id":621,"date":"2026-05-28T17:38:18","date_gmt":"2026-05-28T17:38:18","guid":{"rendered":"https:\/\/nextaddressamerica.com\/?p=621"},"modified":"2026-05-28T17:38:18","modified_gmt":"2026-05-28T17:38:18","slug":"top-financial-analysts-say-the-numbers-dont-lie-the-trump-boom-is-a-bust","status":"publish","type":"post","link":"https:\/\/nextaddressamerica.com\/?p=621","title":{"rendered":"Top financial analysts say the numbers don\u2019t lie: ‘The Trump boom is a bust’"},"content":{"rendered":"
\n

On Thursday, the U.S. Bureau of Economic Analysis released its latest personal savings rate report<\/u>, which indicates the amount of people\u2019s incomes left for savings after expenses. As of April 2026, it plunged to a near-historic low of just 2.6 percent, and now top financial experts are sounding the alarm. <\/p>\n

Read more Revealed: The real reason Trump is building \u2018vulgar\u2019 monuments to himself<\/a><\/p>\n

\u201cThis is stunning,\u201d declared Navy Federal Chief Economist Heather Long<\/u>. \u201cPersonal savings rate April 2025: 5.5 percent. Personal savings rate April 2026: 2.6 percent. That’s a sharp plunge. It underscores how squeezed Americans are right now with higher prices and incomes not keeping up.\u201d<\/p>\n

In other words, over the past year, American savings have fallen by more than half. Between April last year and January 2026, its drop from 5.5 to 4.3 percent was driven by the economic calamity imposed by President Donald Trump\u2019s disastrous tariff program. According to former Fed chair Jerome Powell, a \u201cbig chunk<\/u>\u201d of the persistently high inflation over this period was directly caused by the tariffs. Then savings plummeted by an even greater number in just three months. While multiple factors have hindered the economy, none have been as damaging as Trump\u2019s war on Iran, which has caused economic turmoil around the globe. <\/p>\n

The news of the savings rate collapse comes alongside news that inflation has hit a three-year high<\/u>, surging up to 3.8 percent. That\u2019s a jump from the already high 3.5 percent in March and 2.8 percent in February. <\/p>\n

Read more Experts urge courts to step in as MAGA ballot seizures threaten \u2018widespread chaos\u2019<\/a><\/p>\n

“Inflation is at a three-year high, and personal savings have cratered to one of the lowest levels in the past 20 years,” said Long. “Many Americans are spending more<\/u> than the income they have coming in. This is not sustainable, especially for lower-income and middle-class households.” <\/p>\n

Meanwhile, Trump has said little to inspire confidence that the situation will improve. In early May, when asked whether the economic pressure felt by Americans was impacting his decisions regarding Iran, he declared<\/u>, \u201cI don\u2019t think about Americans\u2019 financial situation.\u201d After this assertion prompted outrage, Trump defended it, saying it was a \u201cperfect statement.\u201d<\/p>\n

Americans, however, may not agree.<\/p>\n

\u201cA weak U.S. economy is taking its toll on Americans,\u201d explained Europac Chief Economist Peter Schiff<\/u>. \u201cQ1 GDP grew a mere 1.6 percent, while the savings rate plunged to just 2.6 percent, as higher prices, higher interest rates, and stagnant incomes forced consumers to dip into their meager savings to make ends meet. The Trump boom is a bust.\u201d<\/p>\n

Read more Trump\u2019s movement is collapsing as white working class bails<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

On Thursday, the U.S. Bureau of Economic Analysis released its latest personal savings rate report, which indicates the amount of people\u2019s incomes left for savings after expenses. As of April 2026, it plunged to a near-historic low of just 2.6 percent, and now top financial experts are sounding the …<\/p>\n","protected":false},"author":1,"featured_media":620,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nTop financial analysts say the numbers don\u2019t lie: 'The Trump boom is a bust' - Next Address America<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextaddressamerica.com\/?p=621\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top financial analysts say the numbers don\u2019t lie: 'The Trump boom is a bust' - Next Address America\" \/>\n<meta property=\"og:description\" content=\"On Thursday, the U.S. Bureau of Economic Analysis released its latest personal savings rate report, which indicates the amount of people\u2019s incomes left for savings after expenses. 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