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Consumer confidence in the U.S. just plunged below pandemic lows for the first time in over a decade, and the reason why should worry everyone
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Attack of the Fanboy
Consumer confidence in the United States fell sharply in January, dropping to its lowest level in more than a decade.
Recommended VideosAccording to Fox Business, the consumer confidence index fell 9.7 points in January to 84.5, down from 94.2 in December.
The last time the index fell this low was in May 2014, when it reached 82.2.
Consumers expressed less optimism about current business conditions, job availability, and their personal financial outlook.
Meanwhile, US Consumer Confidence plunged in January to the lowest level since May 2014.