NEW YORK (MainStreet) -- Consumer confidence is up, and with it the desire by consumers to spend some serious cash on high-end goods before 2014 bows out.
The Conference Board's monthly consumer confidence index went to 92.4 in August, up from 90.3 in July.
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"Consumer confidence increased for the fourth consecutive month as improving business conditions and robust job growth helped boost consumers' spirits," says Lynn Franco, director of economic indicators at The Conference Board. "Looking ahead, consumers were marginally less optimistic about the short-term outlook compared to July, primarily due to concerns about their earnings. Overall, however, they remain quite positive about the short-term outlooks for the economy and labor market."
That "short-term outlook" seems to be translating into a burning desire to part with some cash and indulge in one or more discretionary items, such as a new laptop computer, necklace or even a car.Continue Reading on MainStreet