Consumer confidence is at its lowest level in more than four years, according to a report released today. Consumer sentiment is seen as the critical factor when it comes to whether the economy will regain its footing or plunge into recession. The report shows that consumers are increasingly fretful about layoffs and the faltering stock market. Other data released today, on sales of homes and orders for other expensive durable goods, confirms that businesses and consumers are cutting back on spending. NPR's Jim Zarroli reports.
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