Consumer confidence in American economy dropping

Consumer confidence sliding
Posted at 10:37 AM, Dec 01, 2021
and last updated 2021-12-01 11:38:59-05

Many Americans are feeling less than optimistic about the state of the economy.

New data from the Conference Board shows consumer confidence dipped in November.

A near-term outlook for incomes, businesses and job conditions also fell.

The board says concerns about rising prices and the delta variant are primary reasons confidence dipped.

Concerns of a resurgence of infections and price increases may threaten economic growth in the coming months.