Even though the government reached an agreement to raise the debt ceiling, 54% of Americans surveyed said the debate over the debt ceiling has made them feel less confident in the economy, the RBC Consumer Outlook Index for August found.

 Additionally, 42% said the debate has made them less confident in their own finances and investments. Seventy-six percent said the U.S. is on the wrong track, the highest percentage since July 2008. Only 24% believe the country is headed in the right direction.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.