Welcome to Milwaukee Live

Monday, February 16, 2009

Passage of Stimulus Drives Consumer Confidence Down

Following Congressional passage of the economic stimulus bill, consumer confidence has fallen to another record low.

The Rasmussen Consumer Index, which measures consumer confidence on a daily basis, fell two points on Sunday and another point on Monday to 55.7. This is the third time in February that the daily Consumer Index has fallen to a record low. Confidence is down a point from a week ago, down six points from a month ago, and thirty-one points since the financial industry meltdown began in mid-September. During that time, confidence in the nation’s banking system has plummeted. - Rasmussen.com

No comments: