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Economic Confidence in U.S. Matches Early Pandemic Low

Mount Equity Group Tokyo Japan > News > Markets > Economic Confidence in U.S. Matches Early Pandemic Low

Story Highlights

  • Economic Confidence Index down to -33, lowest since April 2020
  • 29% name an economic issue as most important U.S. problem
  • Satisfaction with direction of U.S. is 21%, lowest since January

WASHINGTON, D.C. — With inflation in the U.S. at its highest point since 1982, Americans’ confidence in the economy has dropped to where it was in April 2020, when nationwide shutdowns brought on by the COVID-19 pandemic plunged the nation into a recession.

Concern about the economy, as evidenced by the increasing percentage of Americans who mention an economic issue as the most important problem in the U.S., is at its highest point of the pandemic. Meanwhile, satisfaction with the country’s direction is lower…

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