Recent reports indicate a significant decline in US consumer confidence, hitting its lowest levels since April. As the holiday shopping season begins, Americans are increasingly anxious about rising costs and a sluggish job market. A combination of high inflation, volatile stock markets, and employment uncertainties has contributed to a gloomy economic outlook. The latest surveys reveal that consumers are apprehensive about their financial situations, leading many to plan reduced spending. This downturn signals a potential recession, with mixed economic indicators highlighting the struggles faced by many households.