To the Point
With Consumer Confidence Up, Have We Finally Bottomed Out?
American consumer confidence rose this month to its highest level since before the credit markets’ crash late last year. A Reuters-University of Michigan index of consumer sentiment shows signs of hope among consumers, amid other reports that the recession may have reached its end.
American consumer confidence rose this month to its highest level since before the credit markets’ crash late last year. A Reuters-University of Michigan index of consumer sentiment shows signs of hope among consumers, amid other reports that the recession may have reached its end. Consumer psychologist Kit Yarrow is a professor at Golden Gate University in San Francisco and author of the forthcoming book, Gen BuY.