54% Expect Higher Interest Rates A Year From Now
Most American adults continue to believe interest rates will be higher in one year's time, but a majority says the rates they're paying now haven't changed over the past year.
The latest Rasmussen Reports national telephone survey shows that 54% of American Adults believe interest rates will be higher a year from now. Only seven percent (7%) expect them to be lower by then, while 27% think they will be about the same. Another 12% are undecided. (To see survey question wording, click here.)
Those findings have remained relatively steady in surveys back to July 2009. But in April of that year, just 34% expected interest rates to go up.
Still, only 22% say they are paying higher interest rates now than they were a year ago. While even fewer adults (16%) say they are paying lower interest rates, a majority (53%) says they are paying about the same amount.
The number who say they are paying more remains unchanged from April which marked the lowest finding in over two years. Prior to that in surveys since April 2009, this finding has ranged from a low of 26% to a high of 34%.
(Want a free daily e-mail update? If it's in the news, it's in our polls). Rasmussen Reports updates are also available on Twitter or Facebook.
The survey of 1,000 Adults was conducted on May 9, 2011 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.
Want to read more?
Become a Rasmussen Reader to read the article
Have an account?Log In
Become a ReaderSubscribe
Rasmussen Reports is a media company specializing in the collection, publication and distribution of public opinion information.
We conduct public opinion polls on a variety of topics to inform our audience on events in the news and other topics of interest. To ensure editorial control and independence, we pay for the polls ourselves and generate revenue through the sale of subscriptions, sponsorships, and advertising. Nightly polling on politics, business and lifestyle topics provides the content to update the Rasmussen Reports web site many times each day. If it's in the news, it's in our polls. Additionally, the data drives a daily update newsletter and various media outlets across the country.
Some information, including the Rasmussen Reports daily Presidential Tracking Poll and commentaries are available for free to the general public. Subscriptions are available for $4.95 a month or 34.95 a year that provide subscribers with exclusive access to more than 20 stories per week on upcoming elections, consumer confidence, and issues that affect us all. For those who are really into the numbers, Platinum Members can review demographic crosstabs and a full history of our data.
To learn more about our methodology, click here.