U.S. consumer confidence hit a rough patch this month, marking its fourth straight decline 💔 – the longest slump since 2020. According to new data from the Conference Board, the confidence index dropped to 92.9 in March, missing forecasts and signaling growing economic jitters.
Why It Matters 🌍
Pessimism about jobs, income, and business conditions has hit a 12-year low 😬. The Expectations Index, a key recession predictor, nosedived to 65.2 (way below the 80-point danger zone). "People aren’t just worried about the economy – they’re worried about their wallets," said economist Stephanie Guichard.
Stock Market Jitters 📉
For the first time since late 2023, Americans turned bearish on stocks. Only 37.4% expect gains ahead – a 20% plunge from November 2024’s peak. Blame recent market rollercoasters 🎢.
What’s Next? 🔮
With inflation and corporate earnings in focus, young professionals and investors are watching closely. Could this mood swing impact summer spending? Stay tuned 🍿.
