Consumer confidence slid in May as ongoing war-related challenges put pressure on prices globally. The Conference Board Consumer Confidence Index revealed a dip of 0.7 points to 93.1 in May, down from an upwardly revised 93.8 in April.Among age groups, confidence ticked up for consumers ages 35-54 but trended downward for older and younger consumers, both month over month and on a six-month moving average basis. By income, confidence among higher-income groups trended upward on a six-month moving average basis. By generation, confidence improved for the Silent Generation, the oldest group, but was little changed or lower among other generations.Overall, 19 percent of consumers expected business conditions to improve, down from 19.4 percent in April. Additionally, 20 percent of consumers expected their incomes to increase, up from 19.4 percent in April.