Tariffs Could Cost the Average American Household Nearly $5K a Year, Study Finds

The average household will lose about $4,900 yearly in the short term, followed by long-term impact from slower economic growth, higher unemployment and high inflation.

Sure enough, the economy is already flashing early warning signs. A survey by Collage Group found that 72% of Americans have changed their spending habits in response to tariffs. Specifically, they’re switching to discount or bulk retailers, adjusting their budgets — and ceasing to buy some things altogether.