Dec 23, 2014 10:50 AM

US consumer sentiment at highest point in 8 years

The Associated Press

WASHINGTON (AP) A survey finds U.S. consumers are more optimistic about the economy than at any other time in the past eight years, buoyed by more jobs and falling gas prices.

The University of Michigan says its index of consumer sentiment has jumped to 93.6 from 88.8 in November. That's the highest level since January 2007, nearly a year before the Great Recession officially began.

Americans may finally be shedding some of their anxiety about the economy. Half the respondents expect the U.S. to avoid a recession in the next five years, the most in a decade.

Americans are also more optimistic about pay: They expect a wage gain of 1.7 percent in 2015, the highest since 2008. Higher expectations about pay typically suggest that Americans are more likely to demand raises.


--  Dealing with the Disease of Addiction? Click here for help --

More from

NH1 News Debates
NH1 News Replay

NH1 on Twitter

NH1 SkyView Cameras

NH1 on Facebook

Check out NH1 News Rail Polls on LockerDome on LockerDome