April 11 (Bloomberg) -- Confidence among U.S. consumers sank to a 26-year low in April as the labor market continued to deteriorate and gasoline prices rose.
The Reuters/University of Michigan preliminary index of consumer sentiment decreased to 63.2 from 69.5 in March. The reading was below the lowest forecast in a Bloomberg News survey and the weakest since March 1982.
Most of my friends are academics and therefore not as affected by economic fluctuations. What about people you know? Is it getting bad out there, or are people just being brainwashed by the George Bush-hating liberal media into thinking it's bad?