The Discover U.S. Spending Monitor, a daily poll of 8,200 consumers tracking their confidence in the economy and spending intentions, recorded its largest one-month decline in June, falling 4.4 points from 89.5 to 85.1—indicating that the majority of Americans believe the economy and their own personal finances are worsening.
In the past few months, however, the index has remained fairly steady, despite rising gas prices, Discover said. But in June, 60% of adults rated the U.S. economy as poor, up nearly four percentage points from May. In addition, 56% said the economy is getting worse, up nearly five percentage points from the month before.