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Consumer Spending Update: Americans Jittery – But Not Panicked – About the Economy

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.

Enthusiasm about the economy started to grow immediately following Donald Trump's election as president in November 2016 and jumped to 147.8 in January 2020. In President Obama’s final years in office, this index reached a high of 121.5 in January 2015 and was at 108.1 his last month in the White House.

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The survey of 1,500 American Adults was conducted on March 1-2, 2020 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.

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The survey of 1,500 American Adults was conducted on March 1-2, 2020 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.

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