U.S. Consumer Confidence Hits Three-Year Low Amid Economic Uncertainty

The U.S. consumer confidence index has dropped to its lowest point in over three years, signaling growing economic unease. According to the latest University of Michigan data released this month, the index fell to 50.3 in November, a significant decline from 53.6 the previous month. This marked the lowest level since June 2022 and is attributed to factors like the ongoing government shutdown’s impact on personal finances and rising costs of living. The report reveals a concerning trend across various demographics: age, income, and political affiliation, as consumer confidence levels continue to decline. While there has been an increase in mentions of