Story perspectives

Consumer Confidence Plummets, Recession Fears Rise Amid Decline

3/28/2025

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Summary

Story summary

The Conference Board's Consumer Confidence Index fell 7.2 points to 92.9 in March, continuing a four-month decline.
The Expectations Index dropped to 65.2, the lowest level in 12 years, raising recession concerns.
Consumers aged 55 and older contributed most to the decline, while younger consumers showed slight improvement.
Confidence in future income and job availability decreased significantly, with 54.6% anticipating higher interest rates.
Despite overall spending caution, vacation plans increased among consumers.

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Story summary

The Conference Board's Consumer Confidence Index fell 7.2 points to 92.9 in March, continuing a four-month decline.
The Expectations Index dropped to 65.2, the lowest level in 12 years, raising recession concerns.
Consumers aged 55 and older contributed most to the decline, while younger consumers showed slight improvement.
Confidence in future income and job availability decreased significantly, with 54.6% anticipating higher interest rates.
Despite overall spending caution, vacation plans increased among consumers.