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The survey also showed that the confidence of upper-middle class consumers has declined the most over the past six months.
The Conference Board’s consumer confidence index falls to the lowest since April 2014, breaking the pandemic low, as the labor market differential drops to its weakest since early 2021.
“Consumers’ write-in responses regarding factors affecting the economy were mostly pessimistic in September. References to prices, the high cost of goods and services, and oil...