California Consumer Confidence Slips to Record Low

California consumers’ outlook on current and future economic conditions and their plans for future spending fell sharply during the second quarter on concerns over mounting gasoline prices, job security, and the broader economy, according to the A. Gary Anderson Center’s California Composite Index of Consumer Sentiment.

“Continued housing market woes, high gasoline prices, concerns about the job market, and a volatile stock market are negatively affecting consumers’ expectations about current and future economic conditions,” the report states.



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