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Consumer confidence at lowest level since 1980.

post from Think Progress on 16 May 2008 01:43:00 PM. © Think Progress

A new Reuters/University of Michigan survey published today finds that U.S. consumer confidence “sank to its lowest level in 28 years this month as anxious shoppers grappled with surging food and fuel costs. … A separate report revealed new construction of single-family homes dropped to the lowest level in 17 years.”

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http://thinkprogress.org/2008/05/16/consumer-confidence-at-lowest-level-since-198
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