New economic data shows plummeting consumer confidence
CBS America · New
CBS America
New
U.S. consumers felt less confident about the economy in November amid the government shutdown and inflation, new economic data shows. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Breakdown
- Consumer confidence dropped to a record low last month
- About 187 million people expected to shop through Cyber Monday 8s
- Higher income shoppers spending more, lower income shoppers more selective 1m 11s
- Consumers advised to budget and avoid unnecessary credit card debt 1m 43s
- Shoppers should look for discounts, check return policies, and use AI tools 2m 24s