Consumer Confidence Plummets Amid Government Shutdown
Update: 2025-11-08
Description
New data reveals a significant drop in American consumer confidence due to the ongoing government shutdown, with the University of Michigans Consumer Sentiment Index falling to its lowest point since June 2022. This decline is largely influenced by the budget battle in Washington, affecting all age groups, income levels, and political affiliations. The shutdown, now in its thirty-eighth day, has also led to a freeze on government economic data and disruptions in air travel, with growing concerns about food assistance payments.
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