Consumer confidence is down again as the stock market remains unpredictable, a credit crisis continues, and home prices fall.

The unemployment rate in the country is now over 6 percent. According to the The Conference Board Consumer Confidence Index -- confidence is at an all time low.

"A consumer-led recession is upon us, and it promises to be a serious one," Joshua Shapiro, chief domestic economist at MFR, a research firm, wrote Tuesday in the New York Times.

What does this mean for you? This could lead to more job cuts and more tough times borrowing money.

Published: October 30, 2008

Use of this article without permission is a violation of federal copyright laws.