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General News: Consumer Confidence Remains High

Despite stock market fluctuations, Americans are confident in spending habits this week.
1 min read
Opinions expressed by Entrepreneur contributors are their own.



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.