Sep 26, 2023 - Economy

Consumer confidence hits 4-month low

Data: The Conference Board; Chart: Axios Visuals
Data: The Conference Board; Chart: Axios Visuals

Consumer confidence fell in September for the second straight month and is now at a four-month low, per a Conference Board survey released Tuesday.

Why it matters: It's the latest sign that Americans are increasingly unhappy with higher prices  particularly for groceries and gas.

  • People are also increasingly worried about politics and higher interest rates, the Conference Board's chief economist Dana Peterson said in a press release.
  • Confidence declined across all age groups, and most notably for those with household incomes above $50,000 a year, she said.
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