Consumer Confidence Plunges to 12-Year Low Amid Economic Woes

The Conference Board's consumer confidence index plummeted to its lowest level in over a decade, with future expectations and current conditions both declining sharply, reflecting widespread economic anxieties and pessimism about income prospects amid ongoing economic turmoil.

• The Conference Board's measure for future economic expectations fell 9.6 points to 65.2, the lowest level in 12 years.
• The board's monthly confidence index of current conditions slipped to 92.9, marking the fourth consecutive monthly decline.
• Consumer optimism about future income prospects largely vanished, suggesting worries about the economy and labor market have spread.