The pessimism varies inversely with income, with the biggest earners feeling the least gloomy.
Consumer sentiment and confidence indexes are used in forecasting, which influences planning and investment. But feelings can be tricky.
The Conference Board’s measure reached its highest level in more than two years.
The nonprofit business research group found that consumers think a recession is on the way, as the economy faces challenges ahead.
Tracking how shoppers feel is important — consumer spending makes up a whopping 70% of GDP.
Consumer confidence is about intentions and expectations, helping us predict the future.
Consumer confidence has held up well in spite of trade turmoil, tariff threats and market volatility.
