Consumer Spending Update: Economic, Spending Confidence Plunges – But It Depends on Who You Ask
As the coronavirus closes many businesses and takes the stock market on a thrill ride, confidence in the U.S. economy plunged, dropping a staggering 45 points from last month to 94.6 in the Rasmussen Reports Economic Index. This is the lowest finding in six years of surveying and four points below the April 2014 baseline.
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The survey of 1,500 American Adults was conducted on April 1, 2020 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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