Consumer confidence in the U.S. has fallen to its lowest point in four months, driven by growing worries over inflation and everyday expenses, according to the latest University of Michigan Surveys of Consumers. The index dropped sharply in September, reflecting a significant decline in optimism compared to previous months. Rising living costs appear to be weighing heavily on households, raising questions about economic outlook. The survey results highlight a growing unease among Americans about their financial stability.
U.S. consumer sentiment dipped to a four-month low in September amid rising inflation rates and mounting cost-of-living concerns, according to survey results released Friday. The University of Michigan Surveys of Consumers index found that consumer confidence slipped to a reading of 48.1 in September, a 7 percent decrease from August and 15 percent less than...
