The index slipped from 74.04 points in October to 68.93 points in November, down 5.11 points or 6.9 percent, the report said.
The financial situation expectations of household index was 89.01 compared to 94.09 last month, down 5.4 percent.
The probability of saving was down significantly, 12.7 percent from 23.27 in October to 20.33 in November, suggesting that more people feel pessimistic about being able to save money in the coming months.
The unemployment expectations index, a gauge of sentiment about the health of the labor market, also saw a decline of 7.6 percent from the previous month to 71.3 points.
November’s general economic situation expectations index also fell 6.5 percent from the previous month to 95.06 points.