Market Curator

Consumer confidence is the key to any growth in the U.S. economy. If it  declines, U.S. economic prosperity becomes questionable, as a lack of consumer  confidence directly impacts consumer spending. My worry: the Thomson  Reuters/University of Michigan’s preliminary consumer sentiment for the month of  March plunged to its lowest level since December of 2011.

This popular consumer sentiment index—an indicator of consumer  confidence—fell to a reading of 71.8 in March, compared to 77.6 in February.  (Source: Chicago Tribune, March 15, 2013.)

The Thomson Reuters/University of Michigan survey also showed Americans are  turning pessimistic about their finances. Only 20% of Americans believe their  finances will improve this year—a record low for the survey!

Similarly, 30% of consumers believe U.S. economic conditions will get worse.  In February, only 22% of American consumers believed the U.S. economy will  deteriorate.

But the misery for American consumers doesn’t just end here. According to a  report…

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