US Consumer Confidence Plummets to Lowest Level Since 2014
Source: Bloomberg News
US consumer confidence declined in January to the lowest level in more than a decade on more pessimistic views of the economy and labor market.
The Conference Board’s gauge decreased to 84.5, from an upwardly revised 94.2 last month, data out Tuesday showed. The figure was the lowest since May 2014 and fell short of all estimates in a Bloomberg survey of economists.
A measure of expectations for the next six months fell in January to the lowest since April, while a gauge of present conditions dropped to the lowest in nearly five years.
“The expectations index has greatly overstated the weakness in spending in recent quarters,” Oliver Allen, senior US economist at Pantheon Macroeconomics, said in a note. “But we’d be surprised if its recent deterioration proves to be an entirely false signal, particularly given the recent stagnation in real incomes and the already rock-bottom personal saving rate.”
Read more: https://www.bloomberg.com/news/articles/2026-01-27/us-consumer-confidence-plummets-to-lowest-level-since-2014?srnd=homepage-americas
As much as the administration and certain media outlets try to portray that everything is peachy, the reality is that consumers know they are paying a lot more for almost everything.
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From the source:
https://www.conference-board.org/topics/consumer-confidence/
