WASHINGTON (AP) -- Wall Street is having a rocky ride. But consumers are feeling a bit more optimistic, according to the latest survey from Ipsos.
The RBC Cash Index says consumer confidence rose to 89.3 in August. That marked a bounceback from July's 76.1, the worst reading in almost a year.
The new reading is the best since March.
Receding gas prices and a good job market are making people feel better about the economy and their own finances. One economist says the results indicate a significant disconnect between Wall Street and Main Street.
One thing that may have people feeling more confident is the recent 70-cent-an-hour bump in the minimum wage.