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Highlights
July RBC CASH (Consumer Attitudes and Spending by Household) index dropped to 14.6, a new all-time low since its inception in 2002, compared to 22.5 in June. Soaring gas and food prices and a stock market that just endured its worst June performance since the Great Depression are draining consumers' wallets as well as their confidence. The survey found that, while consumer attitudes regarding the employment market show signs of stabilizing, Americans' confidence in future personal financial conditions, current conditions and investments continues to weaken.
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