Consumer Senment News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Consumer sentiment dropping nine points this month, it was only expected to drop one point, but a week-long roller coaster ride on wall street, combined with the threat of default on our debt, combined with the downgrading of our credit rating, has accentuating the negative outlook. cheryl casone joins me with more. what does it mean? reporter: these are fascinating numbers. hello to you. fifty-four point nine is the earlier read for august consumer senment, the worst number we ve seen since 19 # zero. you mentioned some 1980. you mentioned the key factors, this is what the poll said to the board, look, if i don t have a job, i m worried about my expectation of moving forward, i m either unemployed, if i m working, i haven t had a raise, and i m concerned about the health of the u.s. economy. now, this polling was all done during the big debt debate right before s&p downgraded the u.s. economy from aaa to aa, so that big debate, all the rhetoric coming out of washington, ....

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