Confidence Hits Another New Low as Recession's Officially Recognized

Consumer confidence has reached a new low in weekly polling since late 1985, coinciding with official word the U.S. economy has been in recession the past year. The announcement is nothing new to consumers: The ABC News Consumer Comfort Index has fallen from -17 in mid-December 2007 to -54 today. En route it's matched or surpassed its previous low, set in 1992, eight times this year. Click here for PDF with charts and data table. Indeed the CCI, figured on a scale of +100 to -100, has been...Full Story