Consumer confidence has once again fallen to an all-time record low.
The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, fell for the ninth-time in eleven days and is now at the lowest level ever recorded. Consumer confidence had shown signs of improving earlier in January and around the time of President Barack Obama’s inauguration, but the continuing drumbeat of economic news has taken hold and driven confidence back down once again. At 56.7, the Consumer Index is down three points over the past week and down ten points over the past three months.
The previous low of 56.8 was established in mid-December. During 2008, record-lows for consumer confidence were established on a regular basis.
Just 6% of adults now rate the U.S. economy as good or excellent while 69% rate it as poor. Eight percent (8%) say the economy is getting better while 71% say it is getting worse
