U.S. consumer confidence in the economy dropped to its lowest level in four months this September, the Conference Board’s Consumer Confidence Index revealed Tuesday.
Consumer confidence fell to 103 in September, the second lowest level seen this year.
According to Conference Board Chief Economist Dana Peterson, issues like high interest rates and rising gas prices contributed to the lowered levels of consumer confidence.
“The decline in consumer confidence was evident across all age groups, and notably among consumers with household incomes of $50,000 or more,” said Peterson.
