In October 2024, the US Consumer Confidence Index reached 98.22. This index began to slowly increase in the second half of 2024 after a year of decline. This index measures the extent to which people are confident in their expected financial situation and their ability to spend over the next 12 months. If the value is above 100, this means that there is an increase in consumer confidence, and that they may spend their money on large purchases next year. If the value is below 100, this indicates negative economic developments, because people will often prefer to save their money instead of spending it.

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