Conference Board's measure is the fifth lowest ever as consumers fret jobs and the business outlook.
A key measure of consumer confidence dropped in June to the fifth lowest reading ever, as Americans grew more concerned about their jobs and more pessimistic about business conditions.
The New York-based Conference Board said Tuesday that its Consumer Confidence Index dropped to 50.4 from a revised 58.1 in May. The reading was the lowest since February 1992, when it was 47.3.
Economists had expected the index to decline to 56, according to Briefing.com.
The Expectations Index - a measure of consumers' economic outlook for the future - hit an all-time low, declining to 41 from 47.3 in May.
The Present Situation Index, which measures how the average consumer feels about the economy right now decreased to 64.5 from 74.2 in May.
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