The economy, inflation and how those forces could impact the lives of Americans have remained front and center as the summer slides fully into fall. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are affecting the decisions of both households and businesses. Americans’ confidence in the economy sank to the lowest level in more than a decade this month as prices remain elevated and wages stagnate amid the ongoing Iran war. The Conference Board said last week that its consumer confidence index tumbled 6.7 points to 81.9 in September, down from 88.6 in August. That’s the lowest reading in the board’s survey since April 2014 and below the lowest level reached during the pandemic.
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