“While consumer confidence has fallen across all age and income categories over the past three months, May’s decline reflects a particularly notable worsening in the outlook among consumers over 55 years of age.”

Ataman Ozyildirim, senior director of economics at The Conference Board, commenting on a report that consumer confidence fell in May as Americans, particularly older ones, became more pessimistic about the labor market, on top of elevated anxiety over inflation. Read the latest “Consumer Confidence Survey.”