Consumer confidence in the U.S. declined in January from a month earlier, indicating spending may cool following the biggest gain in three years at the end of 2013.

The Thomson Reuters/University of Michigan final index of sentiment dropped to 81.2 this month from 82.5 in December. The median estimate in a Bloomberg survey called for a decline to 81 after a preliminary January reading of 80.4.

Less optimism, partly a reflection of declining stock prices this month, may signal households will temper their spending, which climbed in the fourth quarter at fastest pacesince 2010. A report today showed incomes after taxes and adjusted for inflation dropped last month by the most since January 2013.

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