U.S. consumer confidence fell to its lowest in more than a quarter century in early April, diving deeper into recessionary territory on heightened worries over inflation and jobs, a survey showed Friday.
The Reuters/University of Michigan Surveys of Consumers said its preliminary index of confidence fell to 63.2 in April from 69.5 in March.
This was well below economists' median expectation of a reading of 69.0, according to a Reuters poll.
The April result is the lowest since March 1982's level of 62.0, when the "stagflationary" period of low growth and high inflation was still fresh in the memory of many Americans.
That leads to our Reader’s Poll. Which of the following worries you most about our economy?
> Consumer's Mood Tumbled To a 26-Year Low in April
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