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US consumer confidence hits 12-year low amid inflation and war concerns

US consumer confidence has dropped to its lowest point in over a decade, reaching 81.9 in September according to The Conference Board. This decline is attributed to persistent inflation and stagnant wage growth, exacerbated by the ongoing conflict in Iran. Both the assessment of the current economic situation and short-term outlook among consumers have significantly worsened. AI

RANK_REASON Article discusses economic indicators and consumer sentiment, not a specific AI-related event.

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US consumer confidence hits 12-year low amid inflation and war concerns

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  1. SCMP — Tech TIER_1 English(EN) · Associated Press ·

    US consumer confidence sinks to 12-year low over inflation, stagnant wages

    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, dow…