What Happened to Consumer Confidence? | Episode 70 | 11-10-23

Markets with Megan: A Quick Financial Markets Update · Nov 10, 2023 · 2m · transcript

A concern that many Americans may be grappling with is how our household incomes can keep pace with inflation—A question that was reflected in the recent University of Michigan Consumer Sentiment Index. The index reported a slip in consumer confidence, marking a concerning trend that Megan Horneman discusses in detail. She explains the implications of this decline, including the unsettling sentiment that now may not be the best time to make a major purchase, like a house or big-ticket household items.

The recent Consumer Confidence report included high-interest rates on loans - from credit…