Consumer Confidence Crashes 46% in Last Two Years
Full monthly results for the Rasmussen Consumer Index in November shows the economic confidence of American consumers has fallen to another all-time low at 64.5.
Full monthly results for the Rasmussen Consumer Index in November shows the economic confidence of American consumers has fallen to another all-time low at 64.5.
The Discover(R) Small Business Watch (SM) continued to decline for the third straight month, dropping below 70.0 for the first time since the Watch was established in August 2006. The index fell 3.9 points in November to 67.5.
The Rasmussen Employment Index, a monthly measure of U.S. worker confidence in the employment market, fell sixteen points in October to 72.1. That’s the biggest single month drop and the lowest level of confidence ever recorded in the five-year history of the Index.
The Discover (R) Small Business Watch (SM) dropped for the second straight month as news of a congressional rescue plan failed to lift the spirits or expectations of the nation's 22 million small business owners.
The mounting economic crisis is eroding Americans' optimism in their financial security. The COUNTRY Financial Security Index(SM) slid 1.1 points to 68.8 in October, fueled by dramatic declines among men, pre-retirees and high income individuals.
The Discover U.S. Spending Monitor dipped 2.2 points to 86.5 in September, as consumers grew increasingly concerned about the U.S. economy and worked hard to hold-the-line on future spending plans.
The Rasmussen Employment Index, a monthly measure of U.S. worker confidence in the employment market, gained six points in September to 88.1.
Economic confidence among small business owners declined sharply in September amid rising concerns about economic conditions for their businesses and a bleak vision of where the economy is headed. The Discover(R) Small Business WatchSM fell to 74.6 in September, down 12.3 points from August.
The Discover U.S. Spending Monitor rose 2.6 points in August to 87.8, the largest ever month-over-month increase in the Monitor's index history, and its highest reading of 2008.
The Rasmussen Employment Index, a monthly measure of U.S. worker confidence in the employment market, gained three points in August to 82.2.
Small business owners' economic confidence rose for the second straight month in August, climbing away from a 22-month low in June as their concerns about the state of the overall economy improved.
The Discover U.S. Spending Monitor was virtually flat in July, rising just one-tenth of a point to 86.1, as a rise in economic confidence among consumers during the last week of July kept the Monitor from falling to a new low.
Workers’ confidence in the labor markets stabilized in July after falling to a record low in June. The Rasmussen Employment Index moved up a point to 79.5 in July from 78.6 the month before.
After sinking to its lowest level in June, economic confidence among small business owners rebounded in July, as the number of those who said they are experiencing cash flow issues decreased significantly and general economic confidence began trending upward.
Americans are cutting their spending and savings habits, but they are not yet resorting to additional debt to get through tough financial times. The new COUNTRY Financial survey shows most people are stopping short of tapping into credit and existing savings to make ends meet, despite the fact that nearly three in four Americans (73 percent) think their financial security will not improve this year.
The Discover U.S. Spending Monitor fell nearly a point in June to 85.9, as consumers struggled with rising prices for essentials and continued to lose confidence in the nation’s economy. Economic confidence hit a new Monitor low, falling in June to a level that is nearly 30 points lower than a year ago.
Workers’ confidence in the labor markets tumbled sharply in June according to the latest update of the Rasmussen Employment Index. For the first time in the five-year history of the Index, the number of employees whose employer is laying people off exceeds the number whose firms are hiring.
After a brief rebound in May, economic confidence among small business owners dropped to a record low in June as the number of those who think the U.S. economy is getting worse expanded to nearly 80 percent. The Discover(R) Small Business Watch(SM) plummeted in June to 71.8, down 10 points from 81.8 in May.
In a counterpoint to the current economic environment, the COUNTRY Financial Security Index(SM) jumped 1.5 points to 69.3 in June.
The Discover U.S. Spending Monitor rose 1.4 points in May to 86.8 as consumers braced for higher spending in the wake of record gas and food prices. The Monitor posted record high percentages of consumers who said they spent more in May than April (56 percent) and who expect to spend more next month (46 percent), both up by six points respectively.