Gallup’s U.S. Economic Confidence Index dropped slightly to -17 for the week ending August 10th, hovering just off the lows of 2014 as only 38% of Americans believe the economy is “getting better.” Perhaps even more concerning, given record high stock prices and cycle low unemployment rates, only 19% of Americans said the economy is “excellent” or “good,” – the lowest in 5 months. Gallup concludes, generally speaking, Americans remain more negative than positive about the economy, but are less negative than they were in the first few years after the Great Recession – $4 trillion later.
As Gallup notes,
Gallup’s U.S. Economic Confidence Index dropped slightly to -17 for the week ending Aug. 10.
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