Confidence In Economy Holds Steady In March

Americans’ confidence in the economy showed little change in March from the month before, according to Gallup’s Economic Confidence Index. The index – which is based on the results of interviews conducted with more than 15,000 U.S. adults – hasn’t moved much since rebounding following last October’s government shutdown, which sent confidence plummeting. In March, 19 percent of Americans rated the economy as excellent or good, while 36 percent felt current conditions were poor. Participants who make more than $90,000 in annual household income and those between the ages of 18 and 29 were the most confident in economic conditions. Older Americans and middle to lower income respondents were less confident. According to Gallup, Americans’ level of confidence in the economy reflects a number of mixed economic signals. Positive developments, such as declining unemployment and the recovering housing market, are balanced by limited economic growth and a job market that still finds more Americans out of work than before the recession. More here.

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