US Consumer Confidence Drops to Six-Month Low

The video discusses the May consumer confidence report, which exceeded expectations with a score of 102.3. Eric Lund, a principal economist at the Conference Board, provides insights into the data, noting a decline in the present situation index and a slight drop in expectations. The discussion highlights concerns about a potential future recession, as the expectations index remains below the threshold of 80. The video also notes a decline in confidence among consumers over 55, reflecting broader trends across age and income groups.

What was the consumer confidence index for May?

How did the present situation index change from the previous month?

What was the change in the expectations index for May?

What do consumers expect regarding the economy over the next 6 to 12 months?

What factors contributed to the decline in consumer confidence among those over 55?