Discover U.S. Spending Monitor Consumer Confidence Jumps in January

Posted by Kendall Harmon

Consumer confidence jumped in January, with more consumers saying the general economy and their personal finances are improving. The Discover U.S. Spending Monitor, a 4-year-old daily poll tracking economic confidence and spending intentions of nearly 8,200 consumers throughout the month, recorded a 5.5-point jump from the previous month to 90.5. This is the first time since May 2010 that the index has topped 90.

Nearly 30 percent of consumers felt the overall economy is getting better, a jump of more than 6 percentage points from December and the highest figure in the last year. At the same time, those who reported their personal finances were improving rose nearly 5 percentage points to 23 percent – also the highest figure since February 2011.

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Filed under: * Culture-WatchPsychology* Economics, PoliticsEconomyConsumer/consumer spendingPersonal FinanceThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--

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