Consumer Confidence Plummets Amid Iran War, Gas Prices
California News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Consumer confidence plummets in March, hitting a four-year low, due to the Iran war and soaring gas prices. The University of Michigans sentiment index dropped 5.8% to 53.3, with middle and upper-income consumers feeling the brunt. Gas prices average $3.98 nationwide, and oil benchmarks surged, fueling inflation concerns. Families face mounting economic pressure as uncertainty looms.
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