A consumer's belief about what the future holds is an indicator of consumer confidence.

Question

Quizplus · Accepted Answer

Consumer confidence refers to the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. How confident people are about the stability of their incomes and the likelihood of their economic situation improving or deteriorating in the future directly influences their spending and saving behaviors.

A Consumer's Belief About What the Future Holds Is an Indicator