The Conference Board’s November index falls sharply, reflecting fears over employment and economic outlook as Americans face post-Thanksgiving realities.
New York – The Conference Board reported on November 25, 2025, that its Consumer Confidence Index dropped to 88.7, down 6.8 points from October. This marks the lowest reading since April, driven by pessimism on jobs and future prospects. The survey, covering 3,000 households, captures a post-holiday sentiment shift in major U.S. cities.
What Happened?
Fielded mid-November, the poll showed the Expectations Index at 62.5 – below the recession threshold of 80. Respondents cited inflation and layoffs, with 40% expecting unemployment rises. Early data from the Labor Department corroborates, noting 210,000 jobless claims last week. Witnesses to focus groups described “real anxiety” over holiday debt.
No single trigger, but experts link it to election uncertainty and Middle East tensions spiking gas prices.
Official Statements / Reactions
Conference Board economist Lynn Franco said, “Worries are growing over job-finding ability, as per our findings.” Fed Chair Jerome Powell, in remarks, acknowledged “rattled” markets but affirmed steady rates. Consumer advocates like Sen. Elizabeth Warren (D-MA) blamed “corporate greed,” urging relief bills.
Wall Street dipped 1.2%; retail stocks like Best Buy rose on earnings beats, offering glimmers.
Why This Matters
Consumer spending fuels 70% of GDP; a slump could slow growth to 1.5% next quarter, per IMF forecasts. Families face 7% holiday price hikes, straining budgets. It signals broader malaise, impacting retirement savings and small businesses. For Discover users, it’s a wake-up on personal finance amid volatility.
Background / Context
Post-pandemic highs in 2023 gave way to 2024’s sticky inflation. Trump’s tariffs loom, potentially adding 2% to costs. Historical dips, like 2020’s 85.7, preceded recessions. Current factors: AI job displacements (500,000 projected) and housing unaffordability.
Current Situation / What’s Next
Black Friday sales hit records at $9.8 billion online, per Adobe, but foot traffic fell 4%. Unemployment holds at 4.1%; December jobs report due soon. Powell’s next speech eyed for cues.
Ahead, Fed rate cuts in 2026 could boost sentiment; Congress debates stimulus.
Conclusion
This confidence crash underscores economic fragility beneath holiday cheer. As officials note, proactive policy is key to rebuilding trust. Americans deserve stability – let’s hope data turns the tide soon.