The impact of higher payroll taxes hurt consumer confidence in January, causing it to drop to its lowest level since November 2011.
The Conference Board, which tracks its own Consumer Confidence Index each month, said the gauge fell 8.1 points, to 58.6, from last month’s reading of 66.7. That’s a decline for three straight months since hitting a five-year high of 73.1 in October 2012. Economists were generally expecting a slight dip to 65.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)