Consumer confidence takes a dip

The University of Florida's Bureau of Economic and Business Research reports that consumer confidence dropped -7 points to 71 over concerns with the American economy. The prospect of a government shutdown, credit default, and uneasiness with the floundering economy contributed to the drop in consumer confidence. Nationally, the drop was -9 points going from 80.2 down to 71.2.
Senior citizens worrying about not getting Social Security checks in the government shutdown dropped to 65. Consumer confidence is closely monitored since consumer spending makes up about 70% of economic activity.