Rasmussen Consumer Index
Consumer Confidence Falls to New 2011 Low
Sunday, July 03, 2011
Consumer Confidence Falls to New 2011 Low
The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, fell another point on Sunday to its lowest of 2011. At 69.8, consumer confidence is down three points from a week ago, down 16 points from a month ago and down nine points from three months ago.
The Consumer Index is now just one-tenth of a point above its lowest level for all of 2010 and 2011.
Just 21% now believe U.S. economy is getting better while 58% say it is getting worse.
On a personal level, just 18% believe their personal finances are getting better while 56% report their own finances are getting worse.
The Rasmussen Investor Index, which measures the economic confidence of investors on a daily basis, fell a point on Sunday to 79.1. While that’s up four from a week ago, it is still down 15 points from a month ago, and 14 points from three months ago.
Only 49% of investors report that their portfolio is worth more than it was a year ago. Forty-one percent (41%) say the value of their investments is down.