SPRINGFIELD, Mass. (WWLP) – Consumer confidence has hit its highest level last summer.
The index, which measures Americans’ optimism about the economy and their personal finances, came in at just over 84 on this month. It’s the highest rating on the Reuters/University of Michigan month report since last July, but still lower than it was before the Great Recession.
When people feel a little more comfortable about the state of the economy and their own money, they’re more likely to spend that money, which in turn fuels the economy more. 22News asked people in western Massachusetts what makes them feel more or less confident in a consumer sense. Some said it has to do with lawmakers; how they’re problem solving and sharing resources.
“Of course on the national level, I’ve got some concerns, but locally it seems like our elected officials are doing a really good job of answering questions from the citizenry and trying to put Springfield in the best possible place it can be,” James Morton of Springfield said.
While a high consumer confidence reading is promising, the real test will be if it can remain high, instead of dipping back down like it has in recent years.