Americans’ Economic Confidence Plummets to 2014 Levels Amid Inflation and Stagnant Wages

New survey shows Americans' economic confidence hits a 12-year low as inflation persists and wages fail to keep pace.

September 30, 2026 One Min Read

POLICY WIRE — Washington, United States — Americans’ confidence in the economy has fallen to its lowest level in over a decade, according to a new survey by the Conference Board. The findings highlight growing concerns about rising prices and stagnant wages amid ongoing geopolitical tensions.

The Conference Board’s consumer confidence index dropped to 81.9 in September, the lowest since April 2014. This decline reflects worsening perceptions of current economic conditions and future prospects, with many respondents citing high costs for gas, goods, and services as key concerns.

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Despite recent job market improvements, including a surprising 162,000 jobs added in August, consumers remain wary. Inflation continues to rise, with the Consumer Price Index increasing by 3.4% year-over-year. The Federal Reserve has raised interest rates to combat this trend, potentially leading to higher borrowing costs for mortgages, auto loans, and credit cards.

Reporting by Policy-Wire (PW)

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