WASHINGTON (AP) - The steady drum beat of job losses, home
foreclosures and rising energy prices has pushed consumer
confidence to a new low.
According to the RBC Cash Index, confidence in early April
dropped to a level of 29-and-a-half against a benchmark reading of
100. It's down from 33 in March.
It's the lowest confidence mark since the index began in 2002
and marks the fourth month in a row that consumer confidence hit a
Worsening problems with housing and credit, plus the financial
turmoil on Wall Street and sky-high fuel prices have put people in
a gloomy mind-set.
Last April, confidence stood at 85, based on results from the
international polling firm Ipsos.
To comment, the following rules must be followed:
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.