Consumer Confidence

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.


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