Consumer confidence plummeted to record low this month, study reveals — though spending shows a glimmer of hope
George Mihalcea
Consumer confidence across the United States plunged to an all-time low this month, as Americans grapple with anxiety over the war in Iran, new data revealed. The University of Michigan’s long-running Survey of Consumers tracks how Americans feel about the economy, their personal finances and spending — shaped by factors like inflation, the cost of living and global conflicts. Earlier this month, preliminary data showed the consumer sentiment dropped a drastic 11% to a historic low of 47.6 — a
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