Saturday, June 16, 2012
When is bad news not bad news? Or at least not as shocking as it sounds? This week, it was when the government announced that household net worth fell 40% between 2007 and 2010, but most Americans already knew that because they’ve been living it every day.
All Rasmussen Reports major economic indicators – consumer and investor confidence, housing, personal finances, employment, you name it – plunged in recent years and are still far from full recovery as Scott Rasmussen notes in his latest syndicated newspaper column. “Consumers rate their personal finances the same as they did on the day President Obama was inaugurated,” he explains. “If that doesn't improve by November, there's likely to be a new president in January.”
On Friday, the Rasmussen Consumer Index which measures daily consumer confidence fell to its lowest level in three-and-a-half months. Just 23% of consumers say their personal finances are improving, while nearly half (49%) say they are getting worse. Investors don’t feel much better.Rasmussen subscribers can log in to read the rest of this article.
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