Consumer Confidence falls to a 28-year low due to mounting job losses, falling incomes and the...

|By:, SA News Editor
Consumer Confidence falls to a 28-year low due to mounting job losses, falling incomes and the evaporation of household wealth, the Reuters/University of Michigan Surveys of Consumers finds. The index's reading of 55.3 (vs. 57.6 in October) was well short of the expected 57.7.