Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
World
Chelsie Napiza

Trump's Top Economic Adviser Tells Americans Spending More on Everything Is a Sign They're 'Hopeful For the Future'

Trump economic adviser Kevin Hassett drew heavy criticism after claiming purchasing power has risen, despite families struggling with rising costs and stagnant wages. (Credit: Screenshot from YouTube)

Kevin Hassett, the director of the White House's National Economic Council, has claimed that rising consumer spending on fuel, groceries, and restaurants is proof that Americans are optimistic about the economy, even as independent data tells a different story.

Hassett made the remarks during a 1 June 2026 appearance onFox News Sunday, where anchor Shannon Bream confronted him with polling data showing widespread economic pessimism. Rather than address the figures, Hassett argued that increased consumer spending across the board was evidence of confidence. The comments landed against a backdrop of record-low consumer sentiment, surging fuel prices driven by the ongoing Iran conflict, and a Gallup survey recording the highest share of Americans reporting worsening finances since tracking began in 2001.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.