Consumers most often cited the cost of gas and groceries, while concerns about politics, the labor market, and health insurance also increased from the prior survey
US consumer confidence sank to its lowest level since 2014, underscoring growing unease about the economy.
The Conference Board’s index fell to 84.5, marking its weakest reading in more than a decade and below economists’ expectations.
Consumers most often cited the cost of gas and groceries, while concerns about politics, the labor market, and health insurance also increased from the prior survey.