Top financial analysts say the numbers don’t lie: 'The Trump boom is a bust' (opens in new tab)

personal savings rate report, which indicates the amount of people’s 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. “This is stunning,” declared Navy Federal Chief Economist Heather Long. “Personal 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...