With more of the country moving through their COVID-19 reopening phases, confidence in the economy continues its upswing, with the Rasmussen Reports Economic Index rising another five points from June to 114.9.
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The economy has been hard hit by the coronavirus crisis, but confidence in the housing market remains high.
As more of the country exits the lockdown and the stock market climbs to pre-pandemic levels, economic confidence is on the rebound, jumping 16 points from last month to 109.8 in June. This finding is comparable to the level of confidence Americans held just prior to President Trump’s 2016 election.
The vast majority of Americans say their home states have begun to loosen their coronavirus lockdowns, with just over half reporting that someone in their immediate family has been able to return to work.
Voters come down strongly on the side of small businesses, with most in favor of President Trump’s plan to loosen government regulation on them while they recover from the coronavirus lockdown.
As parts of the country slowly emerge from coronavirus lockdown, economic confidence has slowed from April’s rapid descent, dropping just one point to 93.7 in May. But this is the lowest finding in six years of surveying and six points below the April 2014 baseline.
Voters agree government money isn’t enough to counter the coronavirus economic crash, but most Democrats think $2,000 monthly payments to Americans who earn less than $120,000 a year are necessary even as the lockdown begins to break down.
Financial anxiety over the coronavirus has eased slightly, even as more Americans report a close family member out of work.
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.
Americans say government money is not the ultimate answer to the financial hardships brought on by the coronavirus. Most worry the government will run out of cash if the aid packages continue.
The Internal Revenue Service in response to the coronavirus outbreak has extended the deadline for filing 2019 income taxes to July 15, but a sizable majority of Americans plan to file by April 15 as usual. More than ever are worried about an IRS audit this year, though.
Most Americans continue to think the majority of taxpayers are honest when they file their taxes, even though more than ever believe they personally pay too much.
With the coronavirus and falling oil prices battering the economy, economic confidence dropped four points this month with the Rasmussen Reports Economic Index hitting 140.0. This is the lowest finding since October after confidence had spiked to a five-year high in January.
Americans are evidently more eager to file their income taxes than they have been in years, even though the number who expect a refund is little changed.
Former President Obama took credit for the booming economy in a tweet earlier this week, but voters still tend to think President Trump deserves more of the credit.
After spiking to a five-year high in January, economic confidence fell back four points this month with the Rasmussen Reports Economic Index hitting 143.9. But it still remains in record high territory.
The economy continues to wow this month with the Rasmussen Reports Economic Index hitting 147.8 in January, up 3.5 points from last month and smashing through the five-year high.
Voters trust President Trump more than the average member of Congress or the average reporter when it comes to the economy, but most continue to trust themselves the most.
Americans are feeling better than ever about the economy. The Rasmussen Reports Economic Index hit 144.3 in December, up one point from last month and just shy of the five-year peak reached early last year.
As overall confidence in the economy continues to hover near record highs, Americans are now feeling it in their wallets as well with sentiments on their own personal finances and anticipated spending shattering previous highs.