Consumer confidence is slipping, with many worried about future income
Consumer confidence is slipping, with many worried about future income
Wed, September 2, 2026 at 12:55 AM UTC
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Consumer confidence is slipping away, according to a Conference Board survey.
“Consumer confidence moderated slightly in August for a second consecutive month,” said Dana M Peterson, Chief Economist, The Conference Board. “The Expectations Index slipped further into negative territory, which was offset by a moderate rise in the Present Situation Index after declining in the past three months. Consumer appraisals of current business conditions were mildly positive. Perceptions of the current labor market improved, reversing three months of moderate decline. Looking ahead, consumers were more pessimistic about business conditions and the labor market over the next six months. Expectations for household incomes moderated but remained optimistic overall.”
They found that the present situation index may have improved, but the expectations index did not. This means that many consumers concerns are regarding the future than the present.
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The Present Situation Index reflects current business and labor market conditions. That rose 6.8 points to 121.2.
The Expectations Index, which reflects customer's short-term outlook for income, business and labor market conditions, fell 5.8 points to 68.2.
They added that remains below the recession signal threshold of 80.
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The report adds that consumers who believe a recession is “very likely” over the next year has ticked up as well.
Source: “AOL Money”
