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Consumer Spending Update: Economic Confidence Remains Low in November

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Friday, November 12, 2021

Economic confidence rose to 96.9 in this month’s Rasmussen Reports Economic Index, less than one point higher than October, which was the lowest index level since May 2020.

Enthusiasm about the economy surged under former President Donald Trump, reaching as high as 147.8 in January 2020 before tumbling after the coronavirus lockdown threw Americans out of work and closed many businesses. By November 2020, it had recovered to 126.4, but dropped sharply in the three months after President Joe Biden was elected. The index fell to 97.8 in February before beginning a three-month rebound that took the index to 123.7 in May, followed by a five-month streak of declines.

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The survey of 1,500 American Adults was conducted November 1-2, 2021 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.

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.

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