Reginal Thomas
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Consumer Confidence Almost Reaches Two Year Low

U.S. consumer confidence unexpectedly fell in November to a almost two year low as lower income households continue to worry about job opportunities and financial outlook. Thomson Reuters' forecast on the overall index for consumer confidence dipped to 72.0 in November, the lowest reading since December 2011. Families with lower income in particular worried about their future financial standing. While families with $75,000 in income were more optimistic as stock prices rise and boost net wealth gains.