Consumer Confidence Hits 26 Year low

gloom.jpgAs expected, the confidence of consumers has hit the lowest ever in 26 years which is not good and a good indicator of worsening economic conditions. The coming tax rebates are to be put into payments for debts and savings as food and fuel prices hit all time highs which also makes the entry of a full blown recession a reality. Analysts have long been saying the country is already in recession but many still fail to accept the fact that it is still going to get worse. The worsening economy will affect most Americans who fall in the middle to lower levels and the government’s efforts to help ease the pain are only proving to be temporary but necessary.

This entry was posted on Tuesday, March 25th, 2008 at 2:26 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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