In the past, consumer spending was 70% of the US economy. In the past, an increase in consumer confidence has led to an increase in consumer spending. We have seen global increases in consumer confidence including today’s UK numbers. US consumer confidence has risen from a low of 25.3 in February to 53.1 in September. However, retail sales are still lagging and are expected to be down 2.0% in September.

According to the Discover US Spending Monitor, US consumers are still worried about their personal finances and are limiting their spending plans. The survey showed 19% expect to spend more … …READ MORE