X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Consumer confidence plunged to two-year lows in August, stoking predictions and outright declarations that the economy has slipped into recession.

The Conference Board announced Tuesday that its Consumer Confidence Index fell a steep 14.7 points to a low not seen since April 2009, when the United States was still officially in recession. The Conference Board’s Lynn Franco says a factor contributing to the sharp fall-off “may have been the debt ceiling discussions since the decline in confidence was well underway before the S&P downgrade.” She added that “employment conditions continue to suppress confidence.”

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.