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BUSINESS

Consumer Spending Update: Economic Confidence Down Again in September

Economic confidence decreased to 96.5 in this month’s Rasmussen Reports Economic Index, nearly two points lower than August.

Enthusiasm about the economy surged under former President Donald Trump, reaching as high as 147.8 in January 2020 before tumbling after the coronavirus lockdown threw Americans out of work and closed many businesses. By November 2020, it had recovered to 126.4, but dropped sharply after President Joe Biden was elected.

The survey of 1,500 American Adults was conductedAugust 31-September 5, 2023 by Rasmussen Reports. The margin of sampling error is +/- 3 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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