Consumer confidence declines
Consumer confidence declined in May as 18- to 39-year-olds who showed a surge in confidence in April soured on the economy and their finances in May, according to the Discover U.S. Spending Monitor.
The Monitor - a poll of 8,200 consumers that tracks consumer confidence and spending intentions on a daily basis - declined 1.1 points in April to 90.4 (based out of 100), after two consecutive monthly gains. Overall, 31 percent believe economic conditions are improving, a 3-point decline from last month's record high.
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