Consumer Confidence Highest in Eleven Months
Posted Aug 10, 2009 at 11:22 AM by Maurice Berger
In yet another sign that the American public is sensensing an upturn in the economy--after more than two and a half years of recession--the Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, climbed five points on Sunday, reaching its highest level since the Lehman Brothers collapse in September 2008. At 78.8, the Index is up five points over the past week, up 18 points over the past month and up 19 points from the beginning of this year." Still, the picture is not entirely rosy: "Nationally, 12% of adults rate the economy as good or excellent, while 51% rate the economy as poor. Men (19%) and women (17%) under 40 are slightly more optimistic about the current state of the U.S. economy than men (8%) and women over 40 (6%)."
