General News: Consumer Confidence Remains High
Despite stock market fluctuations, Americans are confident in spending habits this week.
According to a recent ABCNEWS/Money magazine poll, consumer
confidence remained high this week despite the increase in consumer
inflation and last week's stock market volatility. Seventy-four
percent of Americans say the economy is in good shape, up two
points from last week. Fifty-one percent say it's a good time
to spend, a figure which remained unchanged from last week.
Both percentages are six points below January's high.
Sixty-eight percent say their finances are in good condition, close
to where it's been all year.