Consumer Confidence Slips as Lower-Income Households Feel Strained
Consumer confidence edged down in October as the outlook among Americans grew more cautious heading into the year’s final months. The latest Conference Board Consumer Confidence Index slipped by 1 point to 94.6, from 95.6 in September, marking its lowest level since spring. Beneath the headline number that was reported Tuesday (Oct. 28), a divergence emerged between current and future assessments of economic conditions and between income groups. The Present Situation Index, which captures c...| PYMNTS.com
