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Consumer Confidence Dips After a 3-Month Streak

The drop in confidence comes with concerns about inflation and household finances.




Consumer Confidence Dips After a 3-Month Streak

After a three-month rising streak, consumer confidence fell in February, according to a report by the U.S. Conference Board.

The dip is reflective of a dim outlook of the job market and personal finances, and comes during “persistent uncertainty about the U.S. economy,” Conference Board Chief Economist Dana Peterson said in a statement.

Inflation remains the largest source of pain for consumers, however concerns about food and gas prices have eased. Consumers were more concerned this month about the state of the labor market and the political environment in the U.S.

  • 21.2 percent of consumers said business conditions were “good,” down slightly from 21.3 percent in January.
  • 17.1 percent said business conditions were “bad,” up from 15.3 percent.
  • 14.8 percent of consumers expect business conditions to improve, down from 16.7 percent in January.
  • 15.5 percent expect business conditions to worsen, down from 16.0 percent.



This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”

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