U.S. consumer confidence has declined this month as Americans' worries mount regarding every facet of their financial situations.
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The most recent results of Royal Bank of Canada's Consumer Attitudes and Spending by Household Index indicates that economic attitudes soured as consumers came to view the current economy negatively and displayed deep pessimism about the future.
As a result the overall RBC CASH Index for this year, which was released Thursday, stands at a low of 22.5 after dropping nearly 17 points from May.
The RBC CASH Index is a monthly national survey of consumer attitudes on the current and likely future state of local economies, personal finance situations, savings, and confidence to make large investments.
