They Should Rename It the Consumer Discomfort Index

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The ABC News Consumer Comfort Index measures Americans’ economic confidence on a scale from +100 (wonderful) to -100 (terrible). Right now, people at the network’s polling unit must be wondering whether -100 will be a low enough number to capture the continuing decline in confidence. The latest reading shows the overall index at -46, “its lowest in 15 years and just 4 points from its all-time low in early 1992.”

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