Overall consumer confidence is at a middle ground at 52.6, according to the Forbes Advisor-Ipsos survey. How Recessions Shape Americans’ Confidence In Making Big PurchasesAmericans’ confidence in making big purchases can point to bigger things that are happening in the economy. We analyzed Ipsos’ consumer confidence purchases data for the month leading up to the 2008, 2012 and 2016 presidential elections. Data from previous pre-election periods was compiled from the Oct. 2008 RBC CASH Index, the Oct. 2012 and Oct. 2016 Monthly Refinitiv-Ipsos Primary Consumer Sentiment Index. Oct. 2020 data was analyzed from the Forbes Advisor-Ipsos Weekly Consumer Confidence Tracker.

Source: Forbes October 29, 2020 17:15 UTC