Consumer Confidence Hits Lowest Level in 50 Years

By Olivia on
Costco customers shop for cameras at a Costco store October 28, 2008 in San Francisco, California. (Photo by Justin Sullivan/Getty Images North America)The business research firm The Conference Board reported today that the consumer confidence index has fallen to an all-time low of 38, down from 64.1 in September. This difference marks a huge drop for just a month, and the record low is an even more astonishing number. But what do these numbers actually indicate? The statistics work for shock...Read Full Story