Americans' economic confidence at its lowest point since 2009


Americans' economic confidence is at its lowest point since 2009, when the Great Recession was just coming to an end, according to Gallup's Economic Confidence Index.
According to Gallup, the "Economic Confidence Index is a summary measure of Americans' perceptions of current economic conditions and their outlook for the economy." Possible scores range from "+100 (if all respondents say the economy is excellent or good and that it is getting better) to -100 (if all say it is poor and getting worse)."
The ECI hit -45 in May, down from -39 in March and April, The Hill reports. In Feb. 2020, before the COVID-19 lockdowns began, the ECI stood at +41. The lowest score on record is -72 in 2008.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
In May, only 14 percent of Americans rated the economy as either "excellent" or "good," while 85 percent said current economic conditions were "poor" or "only fair." When asked about the future of the U.S. economy, 20 percent of Americans said it was getting better, while 77 percent said it was getting worse.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Grayson Quay was the weekend editor at TheWeek.com. His writing has also been published in National Review, the Pittsburgh Post-Gazette, Modern Age, The American Conservative, The Spectator World, and other outlets. Grayson earned his M.A. from Georgetown University in 2019.
-
Why are beef prices rising? And how is politics involved?
Today's Big Question Drought, tariffs and consumer demand all play a role
-
Electronic Arts to go private in record $55B deal
speed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
Fed cuts interest rates a quarter point
Speed Read ‘The cut suggests a broader shift toward concern about cracks forming in the job market’
-
New York court tosses Trump's $500M fraud fine
Speed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in Intel
Speed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to China
Speed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with Disney
Speed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung