New year brings no joy for consumers

The Conference Board Consumer Confidence Index fell 0.9 points from 38.6 in December to 37.7 in January — its lowest level since the board began keeping records in 1967.
JAN 27, 2009
The Conference Board Consumer Confidence Index fell 0.9 points from 38.6 in December to 37.7 in January — its lowest level since the board began keeping records in 1967. Economists surveyed by Chicago-based Briefing.com Inc. had predicted that the index would increase slightly to 39. The Present Situation Index dipped to 29.9 in January, from 30.2 in December. The Expectations Index, which measures shoppers’ outlook over the next six months, fell to 43, from 44.2. “The Consumer Confidence Index continues to hover at all-time lows, and it appears that consumers have begun the New Year with the same degree of pessimism that they exhibited in the final months of 2008,” Lynn Franco, director of the New York-based Conference Board Consumer Research Center, said in a statement.

Latest News

Retirement income shouldn’t be an afterthought
Retirement income shouldn’t be an afterthought

Why “one big pool of money” needs predictability—and a plan.

LPL posts record adjusted earnings as recruiting pipeline hits new high
LPL posts record adjusted earnings as recruiting pipeline hits new high

Advisor recruiting climbed to its strongest pace in nearly two years, while CEO Richard Steinmeier said the firm has "cleared the decks" for bigger institutional deals.

Red Oak, WealthReach ink deals to cement compliance and marketing leadership
Red Oak, WealthReach ink deals to cement compliance and marketing leadership

The combinations involving MirrorWeb and AdvisorRankings illustrate how AI is reshaping both wealth firm operations and wealthtech platforms' business models.

Kelly Park Capital streamlines private market access with PRISM 2.0
Kelly Park Capital streamlines private market access with PRISM 2.0

New 5-in-1 onboarding tool aims to cut subscription paperwork as advisor demand for private markets accelerates

Build deeper relationships and drive business through niche branding
Build deeper relationships and drive business through niche branding

Connecting unique offerings with a specific client niche is a sure path to advisor satisfaction and success – but it all has to start with an intentional strategy.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income