Consumer Confidence Takes a Hit

Although the recession is supposedly a thing of the past and many analysts proclaiming that the United States economy is on the road to recovery, consumers apparently aren’t fully buying it. In fact, consumer confidence fell in September compared to the numbers in August, according to a consumer confidence survey.
The consumer confidence survey, which was conducted by private research group The Conference Board, should consumer confidence for September was 53.1. Following the August numbers coming in at 54.5, most experts believed that consumer confidence was to rise more than 2.5 points in September. That obviously didn’t happen.
The biggest culprit is …read more