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Consumer Confidence Hits 23-Year Low

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abcnews.go.com   |   December 2, 2008 08:29 PM

Read More: 23-Year-Low, Consumer Comfort, Consumer Confidence, Consumer Confidence Low, Financial Crisis, New Low, Recession, Business News

Consumer confidence has reached a new low in weekly polling since late 1985, coinciding with official word the U.S. economy has been in recession the past year.

The announcement is nothing new to consumers: The ABC News Consumer Comfort Index has fallen from -17 in mid-December 2007 to -54 today. En route it's matched or surpassed its previous low, set in 1992, eight times this year.

Read the whole story here.

Consumer confidence has reached a new low in weekly polling since late 1985, coinciding with official word the U.S. economy has been in recession the past year. The announcement is nothing new to con...
Consumer confidence has reached a new low in weekly polling since late 1985, coinciding with official word the U.S. economy has been in recession the past year. The announcement is nothing new to con...
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