By  on April 30, 2008

Consumers aren’t just lacking in confidence, they seem to be tapped out.

On Tuesday, The Conference Board said its Consumer Confidence Index for April fell to 62.3, down from 65.9 in March, bringing the index near a five-year low — it hit 61.4 in March 2003 ahead of the U.S. invasion of Iraq. The Present Situation Index dropped to 80.7 from 90.6, while the Expectations Index inched up slightly to 50.1 from 49.4 last month.

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