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What they will not tell you is that people are working low paid jobs just to service their debt and don't have any disposable income!
AP
Gas Prices Gnaw at Consumer Confidence
Friday June 8, 8:01 am ET
By Jeannine Aversa, AP Economics Writer
Confidence Tumbles to 10-Month Low As Gyrating Gasoline Prices, Housing Woes Gnaw at Consumers
WASHINGTON (AP) -- Consumer confidence tumbled to a 10-month low as gyrating gasoline prices and persisting problems in the housing market gnawed at people's sense of economic well-being.
The magnitude of the drop shown in the latest RBC Cash Index was surprising given the healthy state of the nation's job market, which is usually an important factor coloring consumers' perceptions of how the economy and their own financial fortunes are faring.
Gas Prices Gnaw at Consumer Confidence
Friday June 8, 8:01 am ET
By Jeannine Aversa, AP Economics Writer
Confidence Tumbles to 10-Month Low As Gyrating Gasoline Prices, Housing Woes Gnaw at Consumers
WASHINGTON (AP) -- Consumer confidence tumbled to a 10-month low as gyrating gasoline prices and persisting problems in the housing market gnawed at people's sense of economic well-being.
The magnitude of the drop shown in the latest RBC Cash Index was surprising given the healthy state of the nation's job market, which is usually an important factor coloring consumers' perceptions of how the economy and their own financial fortunes are faring.
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