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Consumer Confidence Plummets Amid Rising Costs | Annapolis News
Consumer confidence hit another low in August as rising gas prices and inflation crushed optimism about the future, despite a slight uptick in current sentiment. Across age groups, anxiety over living costs dominates — with Gen Z still holding out as the most hopeful. Political divides also emerged, with Democrats slightly more upbeat than independents and Republicans. Experts call the mood “pretty downbeat,” echoing trends from other economic indicators like Michigan’s sentiment index. Financial stress is mounting: demand for debt counseling is at a five-year high, savings rates are…
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