Consumer Spending Update: Positive Economic Outlook Means Consumers Are Ready to Spend
Friday, November 10, 2017
The stock market continues to soar to its highest levels to date, the unemployment rate for November is at its lowest level in 17 years and consumers are ready to spend just in time for the holidays.
The overall Rasmussen Reports Economic Index held steady at 128.9 for November. Enthusiasm about the economy started to grow immediately following the 2016 presidential election and continues to show the highest level of confidence since this tracking began in 2014. In President Obama’s final years in office, this index reached a high of 121.5 only once in January 2015 and was at 108.1 in his last month in the White House.
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The survey of 1,500 American Adults was conducted on November 1-2, 2017 by Rasmussen Reports. The margin of sampling error is +/- 2.5 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.
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