Americans growing more pessimistic about the economy as prices for gas, other items remain elevated

WASHINGTON (AP) — Americans’ confidence in the economy sank to the lowest level in more than a decade this month as prices remain elevated and wages stagnate amid the ongoing Iran war.

The Conference Board said Tuesday that its consumer confidence index tumbled 6.7 points to 81.9 in September, down from 88.6 in August. That’s the lowest reading in the board’s survey since April 2014 and below the lowest level reached during the pandemic.

Respondents’ views of their present situation fell by 7.9 points to 109.3. Their short-term outlook also slid, falling 5.9 points to 63.6.

Americans remain flustered by the economy after five years of elevated inflation, potentially Read Entire Article