US Consumer Confidence Plunges to 3-Year Low

The Conference Board’s latest index shows US consumer confidence has fallen to its lowest reading since 2020, dipping to 86 in April. This drop signals growing concerns over jobs, future income, and general economic stability. Economists note that an increasing number of Americans expect fewer job openings, mirroring fear levels from the Great Recession era. The slump follows ongoing inflation worries, trade uncertainties, and elevated household expenses. While the negative sentiment can create a self-reinforcing cycle—where anxious consumers spend less—some see potential for a rebound if job markets remain relatively stable.