Saturday, July 23, 2011

Consumer Confidence in Economy is in a Meltdown

Rasmussen has found yet another 2 year low for consumer confidence. It dropped there points in one day.
The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, fell three more points on Saturday to 64.8. That’s the lowest level of confidence recorded since July 10, 2009 and is down 29 points from this year’s high-water mark of 93.3. Consumer confidence is down four points from a week ago, down ten points from a month ago and down thirteen points from three months ago.

Only 9% rate the economy as good or excellent while 61% say it’s in poor shape. Sixteen percent (16%) say it’s getting better while 63% believe it is getting worse.

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