Consumer confidence is red hot

Unemployment rates and gas prices are tumbling, home prices are rising and the stock market is holding in positive territory. No wonder the Conference Board's consumer confidence index shot up to 102.9 this month.
 
That's up from 92.1 in December and higher than the 95.5 predicted by economists, reports Business Insider. Consumer confidence is at its highest point since August 2007, the report states.
 
Consumers also expressed overall optimism for business conditions, the job market and income growth.

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