Economic confidence decreased to 109.4 in
this month’s Rasmussen Reports Economic Index, more than two points lower than
August. The index has dropped more than six points since hitting a four-year high in
July. Enthusiasm about the economy surged during President Donald Trump’s first term, 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 after President Joe Biden was elected. The index reached a low of 78.6 in July 2022.
Thirty-nine percent (39%) of American Adults rate the economy as excellent or good this month, down one point from last month. The number who rate the economy as poor was 34%, up three points from August. Thirty percent (30%) now think the economy is getting better, down one point from last month. Fifty-two percent (52%) expect a worsening economy, up two points from August. Fourteen percent (14%) now see things staying about the same, down one point from last month. Sixty-three percent (63%) of Republicans view the economy as good or excellent, compared to 27% of Democrats and 32% of those not affiliated with either major party. GOP confidence has increased 43 points since October 2024, when 20% of Republicans had a positive view of the economy, while Democrats’ confidence is now 32 points lower than it was in October 2024, when 59% of Democrats rated the economy good or excellent.