Consumer confidence slides

Consumer confidence dropped a point in January in Florida from 76 to 75. In the U.S., consumer confidence was the lowest level in more than a year dropping 8.1 points to 58.6.  Rising Social Security taxes, and delay in handling fiscal issues by our government were cited as reasons. Consumer confidence has been flat since November. Consumer confidence is an important indicator as to people's willingness to support the economic recovery if they have long term confidence in it.