Business DevelopingEconomic report

American Consumer Confidence Drops to Lowest Level in Over a Decade

Published 10h ago · Updated 3h ago

Covered in 3 countries

AI summary41s readNegative

US consumer confidence hit a 12-year low in September, falling beneath pandemic levels amid mounting inflation and wage stagnation.

United States consumer confidence fell in September to its lowest reading since April two thousand fourteen, dropping below pandemic-era levels. The Conference Board reported that its consumer confidence index decreased by 6.7 points to 81.9, driven by persistent inflation and stagnant wages during the ongoing Iran war. This sharp decline reflects growing anxiety among Americans regarding both their present economic situation and future prospects.

The consumer confidence index dropped from 88.6 in August to 81.9 in September.
Respondents' views of their present economic situation decreased by 7.9 points to 109.3.
The decline marks the lowest reading recorded by the board since April 2014.

Written from 2 of 4 outlets — 2 have since joined this story.

By the numbers

6.7points index decline

81.9September consumer confidence index

88.6August consumer confidence index

109.3present situation index reading

Why it matters

Consumer confidence is a key economic indicator that heavily influences household spending and broader market trends in the United States. A drop below pandemic lows signals deep-seated public anxiety over persistent economic pressures.

What outlets agree on

Both sources report that US consumer confidence dropped significantly in September to its lowest level in over a decade, falling even lower than levels seen during the pandemic.

Tune your feed

Reactions

In this story

United StatesThe Conference BoardInflationEconomic growthIran

Covered by 4 outlets

50% of the sources are Left

50%50%

Lean ratings via Media Bias/Fact Check, Ad Fontes Media

Are you a publisher? Tell us how we may use your content