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 rising food and fuel prices.
The New York-based research group 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.
Lynn Franco, director of the Conference Board, said the report is an indication that the economy is "stuck in low gear."
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