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Gallup Finds Consumer Confidence Declines Materially On Surging Gas Prices

Gallup's Economic Confidence Index is based on two questions. One measures consumers' perceptions of current economic conditions and shows them to be the same in February as in January, with 42% of Americans rating current economic conditions "poor." The second Index component asks Americans to rate the outlook for the U.S. economy. In February, 38% said economic conditions are "getting better," down from 41% a month earlier. However, this decline follows a January optimism level that tied for the highest since Gallup Daily tracking began in January 2008. Optimism Declines Across Demographic Groups More than half of Americans aged 18 to 29 and of Democrats say economic conditions are getting better. This makes them the most optimistic among key demographic groups. At the other end of the spectrum are Republicans, with 27% saying things are getting better, and older Americans, with 33% of those 55 to 64 and 30% of those 65 or older saying this. The largest drops in optimism in February were among those 65 or older (down five points) and among upper-income Americans and those aged 50 to 64 (down four points each). Only younger Americans saw no drop in optimism between January and February.

1 Comments in Response to

Comment by Rocky Frisco
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These young fools won't begin to wake up until there's no more diapers at Safeway and gasoline is $7 a gallon. They are mostly brainwashed sheep, a product of "education' at the direction of the Federal Government.

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