US Consumer Confidence Falls in June Amid Economic Concerns

Published on June 27, 2024

Consumer confidence among Americans fell this month, with near-term expectations about the economy and income decreasing as well, according to a survey. The Conference Board’s Consumer Confidence Index declined from 101.3 in May to 100.4 in June, with the most marked decline seen among consumers in the 35–54 age group. By contrast, consumers below the age of 35 and above 54 showed improved confidence this month. “On a six-month moving average basis, confidence continued to be highest among the youngest (under 35) and wealthiest (making over $100K) consumers,” Dana M. Peterson, chief economist at The Conference Board, said in a statement. While respondents’ views about the present economic situation improved slightly, their expectations of future income and business conditions weakened....

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