U.S. Consumer Confidence Reaches 6-Year High

Consumer Confidence
LM Otero/AP

WASHINGTON -- U.S. consumers are more confident about the economy than they have been in more than six years.

The Conference Board says its confidence index rose to 85.2 this month from a revised 82.2 in May. The June figure is the highest since January 2008, a month after the Great Recession officially began.

More Americans are optimistic about business conditions and the outlook for jobs, though they're less confident that their incomes will grow.

The index compiled by the Conference Board, a private research group, shows that confidence has been rising steadily since bottoming at 25.3 in February 2009.

It still hasn't returned to full health. Before the recession, the index usually topped 90.

Consumers' attitudes are closely watched because their spending accounts for about 70 percent of U.S. economic activity.

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WHO did they interview --- and what are they confident about???

Maybe the people participating in this survey were confident that America is in a huge mess, with 17 trillion dollars in debt, half the country living on government aid programs, and the politicians cheering about "job growth" (even though the new jobs are part time low wage openings mostly in the retail and restaurant fields).

Everyone I know is uneasy about "what could happen next". Even people, who are still doing reasonably well, are scared cross-eyed that they could lose everything in the next bubble/crash.

June 24 2014 at 8:52 PM Report abuse -1 rate up rate down Reply

Who have they been talking to??????

June 24 2014 at 8:31 PM Report abuse rate up rate down Reply

yeah right.. lol

June 24 2014 at 4:36 PM Report abuse rate up rate down Reply