[University of Michigan Survey: U.S. Consumer Confidence Drops to One of the Lowest Levels in History] According to Golden Finance, U.S. consumer confidence fell in November to one of the lowest levels in history, as Americans became more pessimistic about their financial situations. Data from the University of Michigan shows that the final November Consumer Sentiment Index dropped from October's 53.6 to 51, only slightly higher than the preliminary reading. The Current Conditions Index fell by 7.5 points to a record low of 51.1. Consumers' views on personal finances reached their most pessimistic level since 2009. Survey director Joanne Hsu stated, "Consumers remain frustrated by persistently high prices and declining incomes." The data shows that consumers expect prices to rise at an annual rate of 4.5% over the next year, marking the third consecutive month of slowdown. They anticipate an average annual price increase of 3.4% over the next five to ten years, compared to 3.9% in October. While Americans' concerns about inflation have eased somewhat, they remain anxious about high living costs and job security. The report indicates that the probability of personal unemployment risk has risen to its highest level since July 2020. Continuing claims for unemployment insurance reached a four-year high earlier this month, suggesting that unemployed Americans are finding it increasingly difficult to secure new jobs.