Economic confidence fell to 87.7 in this month’s Rasmussen Reports Economic Index, more than 20 points lower than April.
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Despite inflation and other economic concerns, most homeowners still expect the strong housing market to continue.
Pessimism about the current employment situation has faded since last year, even as concerns for the future of the job market remain high.
Inflation is hitting hard at the grocery store, as more Americans say rising food prices have caused them to change the way they eat.
President Joe Biden has tried to shift blame for the spike in gasoline prices, but most voters aren’t buying his excuses.
While most Americans remain confident about their ability to find a job and get ahead in the current economy, workers are less likely to expect a raise.
Economic confidence rose to 109.1 in this month’s Rasmussen Reports Economic Index, more than 11 points higher than March.
As the April 15 federal income tax deadline approaches, more than half of Americans have already filed with the Internal Revenue Service.
At a time when President Joe Biden is reportedly considering new taxes on the rich, more Americans than ever think they already pay more than their fair share of taxes.
As next month’s income tax deadline nears, fewer Americans trust the Internal Revenue Service and more are worried about their taxes being audited.
President Joe Biden’s policies have increased inflation, according to a majority of voters, who expect the issue to be important in November midterm elections.
Soaring fuel prices have caused a majority of Americans to drive less and reduce spending in other areas of their household budgets.
Economic confidence rose to 97.6 in this month’s Rasmussen Reports Economic Index, about one point higher than February. This month’s gain follows two months of declines that in February brought the index to its lowest point since May 2020.
Americans are ahead of last year’s pace in filing their income taxes, but fewer expect a refund from the Internal Revenue Service.
Most Americans don’t expect the stock market to rise in the next year, and more than half worry that the U.S. could face another Great Depression.
Russia’s invasion of Ukraine has caused gasoline prices to spike, and most Americans expect the cost to continue rising.
More than four out of five Americans believe the minimum wage – currently $7.25 an hour – should be raised to at least $9.50, but fewer than half believe a minimum wage increase would help the economy.
Economic pessimism has taken hold and fewer Americans believe today’s children will be better off than their parents.
Economic confidence fell to 96.5 in this month’s Rasmussen Reports Economic Index, eight-tenths of a point lower than January. This second consecutive month of declines brings the index to its lowest point since May 2020.
While a majority of Americans have positive opinions about Amazon, they fear local businesses will suffer from the online competition.