Consumer confidence increased in December, rising nearly 14 percent from December 2013, according to recent research.
The Surveys of Consumers from data providers Thomson Reuters and the Institute for Social Research shows that consumer confidence in the national economy was higher in December than it had been in about eight years.
“The gains over the past several months have been primarily due to improving job and wage prospects, and more recently, to falling gasoline prices,” a press release from the data providers says.
December survey respondents anticipated increasing incomes in 2015, with an average annual gain of about 2 percent expected, the release says.
To read more about the December Surveys of Consumers data, click here.