Consumer Confidence Hits 26 Year Low

The Consumer Confidence Index has reached a 26 year low as reported by Bloomberg.com. The consumer confidence index is a method of measuring confidence in the economy by looking at how Americans are spending or saving their money. In broad strokes, the more a person is spending, the more confidence in their job stability. This is supposed to be an indicator of the confidence in the economy.

Personally, I am saving money rather than spending it because I want to eliminate all the useless stuff in my house.