US consumer confidence drops to seven-month low amid economic worries

US Consumer Confidence Slides to Seven-Month Low

US consumer confidence fell in November to its lowest level since April, as Americans grew more uneasy about economic conditions, job prospects, and political uncertainty. The Conference Board’s Consumer Confidence Index dropped to 102, marking its third decline in four months.

Concerns About Jobs and Prices

Analysts noted that consumers have become increasingly cautious, particularly in their expectations for the labor market and inflation trends. Many Americans fear that job availability may shrink in the coming months, while persistent price pressures continue to affect household budgets.

Older consumers reported the largest decline in confidence, with many expressing heightened concern about fixed incomes being stretched by higher living costs. Younger adults, although somewhat more optimistic, also cited anxiety related to economic stability and policy uncertainty as the 2024 election approaches.

Outlook for the Coming Months

While spending has remained resilient so far, economists warn that weakening confidence could dampen consumer activity during the holiday season. The Conference Board highlighted that future expectations slipped further below the level typically associated with a recession signal.

"Consumers remain worried about rising prices in general, and about food and gas prices in particular," the Conference Board stated in its monthly report.

Market observers will watch upcoming job and inflation data closely for signs of whether household sentiment stabilizes or continues to deteriorate.

Author’s summary: US consumer confidence hit a seven-month low in November as Americans, particularly older ones, grew increasingly uneasy about inflation, job prospects, and political uncertainty.

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InvestmentNews InvestmentNews — 2025-11-26

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