Consumer confidence falls to 12-year low as Americans fret over economy

[Guno צְבִי]

The consumer confidence index measures both Americans' assessment of current economic conditions and their outlook for the next six months. The business group found that the measure of Americans' short-term expectations for income, business and the job market fell 9.6 points to 65.2. That's the lowest reading in 12 years and well below the threshold of 80, which the Conference Board says can signal a potential recession in the near future.

The proportion of U.S. consumers anticipating a recession remains at a nine-month high, the board reported.

MSN

 

[Tbird19482]

The consumer confidence index measures both Americans' assessment of current economic conditions and their outlook for the next six months. The business group found that the measure of Americans' short-term expectations for income, business and the job market fell 9.6 points to 65.2. That's the lowest reading in 12 years and well below the threshold of 80, which the Conference Board says can signal a potential recession in the near future.

The proportion of U.S. consumers anticipating a recession remains at a nine-month high, the board reported.

MSN

Looks like some of the increasing prices we have been having and the threat of Trump's tariffs is finally waking some people up.
And again IF Trump keep going with his tariffs it is only going to get worse.
It is going to be a wild ride hang on to your ass.

 

[volsrocks]

12 year low huh

So it was low under Obama

 

[Tbird19482]

12 year low huh

So it was low under Obama

And he turned things around again and gave Trump an improved and recovered economy that Trump fucked up just like he is fucking up the economy now.

 

[Walt]

12 year low huh

So it was low under Obama

Yes, back when Obama was getting us out of the Great Recession. We are now crossing into something bad, not out of.