Consumer confidence decreases as many grow concerned about financial prospects

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New surveys show consumer confidence sharply declined in January, hitting the lowest level since 2014.

Surveyed consumers say anxiety over a slow labor market and high prices has made them more cautious over spending. The deterioration of confidence is across political party affiliation.

Dale Rogers, professor at the W.P. Carey School of Business at Arizona State University, joined “Arizona Horizon” to discuss decreased consumer confidence.

Dale Rogers, Professor at the W.P. Carey School of Business at Arizona State University

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