NEW YORK — U.S. consumer confidence edged lower in August as Americans expressed greater concern about future business conditions, jobs and household income, even as their assessment of the current economy improved.

The Conference Board reported that its Consumer Confidence Index fell 0.8 points to 89.4 in August, down from 90.2 in July.

The relatively small decline, however, masks a widening gap between how consumers view conditions today and what they expect in the months ahead.

The Present Situation Index, which measures consumers’ assessment of current business and labor market conditions, climbed 6.8 points to 121.2, reversing three consecutive months of declines.

Meanwhile, the Expectations Index, which measures the short-term outlook for income, business and employment conditions, dropped 5.8 points to 68.2.

“Consumer confidence moderated slightly in August for a second consecutive month,” Dana M. Peterson, chief economist at The Conference Board, said in the organization’s Aug. 25 release.

Jobs Look Better Today — But Consumers Worry About Tomorrow

Americans’ perceptions of the current labor market improved considerably during August. About 27% said jobs were plentiful, up from 24.4% in July, while 19.5% said jobs were hard to get, down from 21.7%.

The outlook for the next six months was considerably weaker.

Only 14.6% expected more jobs to become available, compared with 16.4% in July. At the same time, 26.1% expected fewer jobs.

Consumers were also less optimistic about their incomes. About 17.6% expected their income to increase, down from 19.5% in July, while 13.8% expected their income to decline.

Prices Remain on Consumers’ Minds

Inflation continues to influence how Americans feel about the economy. According to The Conference Board, consumers’ written responses frequently mentioned prices, oil and gasoline, food and groceries, trade, jobs, and war or conflict.

Average and median expectations for inflation over the next 12 months also increased slightly.

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Interest rates remain another concern. More than six in 10 consumers — 61.3% — expected interest rates to rise over the next year, although that was slightly lower than the 62% recorded in July.

Consumers Are Still Planning to Spend

The softer outlook hasn’t eliminated Americans’ willingness to make purchases.

Auto-buying expectations remained strong on a six-month moving-average basis, while homebuying expectations declined slightly in August but remained on a longer-term upward trend after hitting decade lows in early 2024.

Restaurants, bars and takeout; utilities; and streaming, internet and mobile services ranked among consumers’ leading planned service expenses.

Consumers were less enthusiastic about discretionary activities including movies, personal-travel hotels, airfare, amusement parks, museums and historical sites.

Why It Matters

The August numbers paint a mixed picture of the American consumer.

People are seeing some improvement in the economy they are experiencing today, particularly in the labor market. But their expectations for the next six months are becoming noticeably more cautious.

That divide matters because consumer spending represents a major part of U.S. economic activity. If concerns about employment, inflation and household income begin translating into reduced spending, weakening confidence could eventually become more significant for the broader economy.

For now, the August survey suggests Americans haven’t stopped spending — but they’re increasingly keeping an eye on what may be coming next.

The preliminary August Consumer Confidence Survey was conducted online for The Conference Board by Toluna. The survey period was Aug. 3–16, 2026.

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Source: The Conference Board, August 2026 Consumer Confidence Survey®, released Aug. 25, 2026.

STM Daily News Economy News Brief

Sources

• The Conference Board — U.S. Consumer Confidence, August 2026 — Primary source for the August Consumer Confidence Index, Present Situation Index and Expectations Index. 
• The Conference Board — Consumer Confidence Survey & Data — Consumer confidence survey information, methodology and release schedule. 

Related Economic Data

• Bureau of Economic Analysis — Consumer Spending — Official U.S. data tracking personal consumption expenditures. Consumer spending increased 0.2% in July 2026. 
• BEA — Personal Income and Outlays, July 2026 — Tracks household income, disposable income, consumer spending and saving. 
• Bureau of Labor Statistics — Consumer Price Index — Official inflation data. The July 2026 CPI was up 3.4% from a year earlier; August CPI is scheduled for release September 11. 
• Federal Reserve — Consumer Credit — Federal Reserve data covering revolving and nonrevolving consumer credit. 

Last Updated on September 6, 2026 by Daily News Staff

The $24,950 electric pickup is approaching production, but early availability will be limited—and many buyers may wait well into 2027.

Slate Auto’s minimalist electric pickup is moving closer to becoming something customers can actually park in their driveways.

After months of describing its launch simply as “late 2026,” the startup has reportedly begun asking some preorder holders whether they would be interested in taking delivery as early as December. The outreach provides the clearest indication yet of when the first production Slate Trucks could reach American roads.

That does not mean every early customer will receive a truck before the end of the year. According to emails reviewed by Business Insider, customers were offered the possibility of a December 2026 delivery, while other estimated windows stretched from early 2027 through July–September 2027.

Still, the news is an important milestone for one of the most closely watched—and most unconventional—new vehicles in America.

From an under-$20,000 promise to a $24,950 truck

When Slate emerged from stealth in 2025, much of the attention centered on the possibility of an electric truck costing less than $20,000 after federal incentives. The expiration of the federal consumer EV tax credit eliminated the subsidy that made that advertised figure possible.

Slate later established an official starting price of $24,950 before destination charges, taxes and accessories. With a reported $1,450 destination fee, the effective starting point is approximately $26,400 before a buyer begins personalizing the truck.

That remains unusually inexpensive in a market where the average new vehicle approaches $50,000. It also preserves Slate’s central argument: Many buyers might prefer a simple new vehicle over a feature-packed model carrying a much larger monthly payment.

The important question is how many buyers will remain satisfied with the base vehicle once they see what $24,950 does—and does not—include.

Basic by design

The Slate Truck starts as a two-seat, two-door electric pickup with manual windows, physical climate controls and gray composite exterior panels. There is no built-in infotainment screen or conventional factory stereo. Drivers can use a smartphone, portable speaker or optional accessories instead.

These omissions are not oversights. They are fundamental to Slate’s strategy of reducing manufacturing complexity and allowing customers to pay only for the equipment they want.

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Owners will be able to add exterior wraps, upgraded audio equipment, storage systems, roof racks and other accessories. A more substantial SUV kit can add an enclosed rear section and second-row seating, transforming the small pickup into a five-passenger vehicle.

Slate says its marketplace will offer more than 200 accessories, with more than 80 percent priced below $500. That flexibility is appealing, but it also creates the possibility that a $24,950 truck could quickly approach or exceed $30,000 after buyers add color, audio, additional seating and everyday conveniences.

More range without a higher base price

One of the most meaningful improvements is the truck’s estimated driving range. Early versions of the Slate concept were associated with approximately 150 miles from the standard battery. Slate now advertises roughly 205 miles of estimated range at the same $24,950 base price.

The current specification uses a 52.7-kWh battery and a single rear-mounted electric motor. Slate says the battery can charge from 20 to 80 percent in under 30 minutes under suitable fast-charging conditions.

Approximately 205 miles should make the truck more practical for commuting, local deliveries and daily errands. It remains less suited to frequent long-distance travel than many larger EVs, but the additional range substantially strengthens the value proposition.

Final range, charging performance and other specifications remain subject to change because the vehicle is still in pre-production.

Production preparations continue in Indiana

Slate plans to manufacture the truck at a former printing facility in Warsaw, Indiana. The company says three design-verification prototype vehicles were completed ahead of schedule while expansion of the plant continues.

The factory project represents an investment of nearly $400 million and is expected to create more than 2,000 jobs. Slate has designed its production system around simplicity: composite body panels eliminate the need for a conventional paint shop, while a limited number of factory configurations should reduce assembly complexity.

The company has reported more than 180,000 refundable $50 reservations. When formal preorders opened in June 2026, customers were asked to place a $300 nonrefundable deposit—reduced to an additional $250 for existing reservation holders—to secure an estimated delivery window. The money is applied to the eventual purchase price.

Slate reportedly collected more than 10,000 of those preorder deposits within the opening hours. That shows genuine interest, but refundable reservations and early deposits are not the same as completed vehicle sales. The real test will begin when customers must finalize configurations, financing and purchase agreements.

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December would be a beginning, not a full rollout

If Slate places its first customer trucks on the road in December, it will have met its broad late-2026 target. However, the first deliveries are expected to be low-volume, with production increasing during the first half of 2027.

That distinction matters. A handful of December deliveries would demonstrate that Slate can build a saleable vehicle, but it would not prove that the company can manufacture tens of thousands of trucks reliably, control costs, supply replacement parts or support customers across the country.

For a new automaker, scaling production and service can be more difficult than designing an appealing prototype. Slate must show that its low-cost philosophy works not only in the showroom but also in manufacturing, quality control, repairs and long-term ownership.

Ford Fathom adds pressure to the equation

Slate may enjoy an early lead, but it will not have the affordable electric-truck category to itself for long.

Ford’s forthcoming Fathom electric pickup is expected to start around $28,350 and reach customers in fall 2027. For only a few thousand dollars more than a base Slate, the Ford is expected to provide four doors and more conventional standard equipment.

The two trucks represent very different ideas of affordability. Slate removes features and lets owners add them later. Ford appears to be pursuing a more familiar, fully equipped small-truck experience while attempting to keep the price near $30,000.

Slate’s advantage is that it could arrive first and carry a lower advertised price. Ford’s advantages include manufacturing scale, an established service network and decades of experience selling trucks.

The bottom line

The Slate Truck is no longer merely an intriguing rendering or auto-show experiment. A firm price has been announced, preorders are underway, verification vehicles have been built, factory preparations are advancing and the first customer deliveries may now be only months away.

At $24,950—or approximately $26,400 after destination—the Slate remains one of the most interesting efforts to make a new electric vehicle genuinely affordable. Its improved estimated range makes the proposition considerably stronger than it was at launch.

But the original question has not disappeared: Will buyers embrace a truly basic truck, or will the cost of turning that blank Slate into a comfortable everyday vehicle erase too much of its price advantage?

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December 2026 may give us the first real answer.

Sources and further reading

• Slate Auto: How to preorder
• Slate Auto: Vehicle specifications
• Slate Auto: Warsaw factory update
• Business Insider: Earliest Slate deliveries
• Axios: Indiana-built EVs target affordability

Vehicle specifications, prices and delivery estimates remain subject to change before production.

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As the United States approaches the 25th anniversary of September 11, 2001, the nonprofit 9/11 Day is putting major resources behind a familiar idea with renewed urgency: remembrance through service. The organization—founded by 9/11 families and leaders and co-led by co-founders David Paine and Jay Winuk—announced $3 million in grants to roughly 200 nonprofits, schools, and community groups across 40 states to expand local volunteer projects tied to this year’s September 11 National Day of Service and Remembrance.

The funding is designed to dramatically increase the number of ways Americans can participate close to home, from food insecurity initiatives to neighborhood cleanups and support programs for veterans and first responders. Together, grant recipients are expected to engage more than 70,000 volunteers nationwide.

A major push toward youth-led service

More than 70% of the grant funding is going to youth organizations and educational institutions, including K–12 schools, universities, and other learning programs. The emphasis reflects a generational reality: millions of students today know 9/11 primarily through textbooks, family stories, and classroom lessons.

“For many students participating in the observance this year, 9/11 is something they’ve only encountered in textbooks or through stories from parents and grandparents,” said Jay Winuk, co-founder and executive vice president of 9/11 Day and a 9/11 family member. “By connecting history with hands-on service, we’re helping young people understand that the legacy of 9/11 isn’t defined only by tragedy. It’s also defined by compassion, resilience and the responsibility we all share to care for one another.”

Youth-focused projects supported by the grants include school-wide days of service, hunger-relief efforts, donation drives, community improvement work, and service-learning initiatives that connect the history of September 11 with practical ways to help others.

UNIITE for Good: turning an anniversary into a nationwide “doing good” moment

The grant program is a cornerstone of 9/11 Day’s nationwide UNIITE for Good campaign, scheduled to officially launch August 24. The campaign aims to transform the 25th anniversary into what organizers describe as America’s largest day of doing good—channeling remembrance into tangible community impact.

The program is administered in collaboration with AmeriCorps, with principal funding provided by AmeriCorps and the Popeyes Foundation. A special emphasis this year is addressing hunger—an issue described in the release as an “ever-growing hunger crisis across the nation.”

Meeting community needs where people live

Grant-funded projects span urban, suburban, and rural communities. Activities include assembling meals for individuals and families facing food insecurity, packing care kits for veterans and first responders, restoring community spaces, and strengthening schools and neighborhoods.

Beyond the service itself, the grants are also intended to help local groups recruit volunteers, purchase supplies, coordinate logistics, and expand the number of service opportunities available in their areas.

“As we mark the 25th anniversary of 9/11, we have a responsibility to preserve not only the memory of that day and those lost and injured, but also the extraordinary way Americans came together in the aftermath of the attacks,” said David Paine, president and co-founder of 9/11 Day. “These community-led projects are helping rekindle that spirit of unity, compassion and service by bringing neighbors together to help solve local challenges.”

AmeriCorps echoed that message, framing service as a way to honor those who responded in the immediate aftermath of the attacks.

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“This year, we invite Americans to carry forward that enduring spirit of unity and service by becoming a hero for someone in need,” said Emily Stock, project manager for Volunteer Initiatives at AmeriCorps, noting that AmeriCorps-funded projects will include food drives, home repairs, neighborhood cleanups, and disaster preparedness activities.

The Popeyes Foundation also highlighted its community-focused mission and its role in supporting local projects.

Why this anniversary matters now

Organizers say the 25th anniversary arrives at a pivotal moment: more than 100 million Americans are now too young to have personal memories of September 11. That makes this milestone one of the last major opportunities to connect those who lived through the day with younger generations learning about it as history.

Examples of grant-supported efforts include:

• Marshall University, which plans to build on its existing 9/11 Days of Service tradition, including a Memorial Stair Challenge and volunteer projects supporting veterans, first responders, and families in need.
• Middlebury Elementary School, which will expand hands-on service activities that teach younger students about 9/11 through compassion and community action.
• University of South Dakota, where students will work alongside community partners to address local needs while learning how service can bridge backgrounds and perspectives.

How to get involved

A full list of 2026 9/11 Day Grant Program recipients is available through 9/11 Day. To learn more about the September 11 National Day of Service and Remembrance—and to find ways to participate—visit 911day.org.

STM Daily News will continue tracking community service initiatives and local observances tied to the 25th anniversary as September approaches