Consumer Confidence Falls; 52% Say Economy is Poor
No surprise here.
The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, fell three points on Sunday to 78.9. That’s up two points from a week ago but down one from a month ago and down five from the beginning of the year.
Confidence reached a two-year high of 93.3 on January 7 and has been lower in February in March. Just 10% of American adults rate the U.S. economy as good or excellent. Fifty-two percent (52%) say it’s in poor shape. The Rasmussen Investor Index gained three points on Sunday after falling four points the day before. At 95.7, the Investor Index is up six from a week ago, up eight from a month ago, and up one from the beginning of the year.
Sixty percent (60%) of investors say that their investment portfolio is worth more today than it was a year ago. Among all adults, just 21% believe that today’s children will be better off than their parents.
The Rasmussen Consumer Index and Investor Indexes are derived from nightly telephone surveys of 500 adults and reported on a three-day rolling average basis. The baseline for the Index was established at 100.0 in October 2001. Readings above 100.0 indicate that confidence is higher than in the baseline month. Detailed supplemental information is available for Platinum Members. Historical data for the Consumer and Investor indexes as well as attitudes about the economy and personal finances are also available to Platinum Members.