Consumer confidence in the United States has fallen to its lowest point since 2014, leading to a more pessimistic outlook on the economy and employment According to a report by Golden Finance, due to a more pessimistic view of the economy and labor market, US consumer confidence fell to its lowest level in over a decade in January. The data released by the World Federation of Large Enterprises on Tuesday showed that the consumer confidence index dropped from 94.2, revised up from the previous month, to 84.5. This data is the lowest level since May 2014 and lower than economists' expectations. The expected indicator reflecting the outlook for the next six months fell to its lowest level since April last year in January, while the current indicator reflecting the current situation fell to a nearly five-year low. After a slight rebound in December, concerns about high prices and weak employment growth have led to a further decline in consumer confidence. Economists predict that the labor market will remain largely stagnant this year, with limited job opportunities, but do not anticipate widespread layoffs. Dana Peterson, Chief Economist of the World Federation of Large Enterprises, stated in a statement that consumers frequently mention oil prices and grocery prices in their freely filled out responses to this survey. She also stated that the frequency of mentioning politics, labor market, and medical insurance has increased. The proportion of consumers who believe that it is difficult to find a job has risen to the highest level since February 2021, while the proportion who believe that there are sufficient job opportunities has decreased. The difference between the two has narrowed to the worst level in many years. Fewer Americans expect their income to increase in the coming months.