Consumer confidence in where the economy is headed hits 12-year low

Consumer confidence declined in March, with the Conference Board reporting a drop in the index of current conditions to 92.9, the lowest level in over a decade. Future expectations also fell sharply, with the index tumbling to 65.2, the lowest reading in 12 years, reflecting concerns about the economy and job prospects. The decline was driven by those 55 or older and spread across income groups, with worries over tariffs, a volatile stock market, and weakening sentiment contributing to the pessimism.

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