Survey says: Consumers are not confident.
The Consumer Confidence Index dropped nearly 7 points since last month, dipping below 90.
Both the Present Situation and Expectation indices are down. The latter marking its 10th month below 80—which usually signals a recession coming.
“Consumer confidence tumbled in November to its second lowest level since April after moving sideways for several months"
Confidence is down across age groups and incomes, though the kids are feeling ok.
Why? Inflation, tariffs, and that whole government shutdown thing.