Consumer Spending Update: Americans Open Their Wallets Wider
Friday, August 10, 2018
As economic confidence stays perched among the highest levels in four years of surveying, consumers are ready to open their wallets again, just in time for the back-to-school shopping season.
The Rasmussen Reports Economic Index held steady at 139.7 this month, less than a point lower than July. This index rating is still among the highest in four years of surveying.
Enthusiasm about the economy started to grow immediately following Donald Trump's election as president in November 2016 and spiked at 145.9 in February of this year. By comparison, in President Obama’s final years in office, this index reached a high of 121.5 in January 2015 and was at 108.1 his last month in the White House.
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