Consumer confidence reiterated a bullish environment for the U.S. consumer. Wage growth, consumption and confidence all go hand-in-hand. With the recent increases in consumer confidence there will be continued personal consumption to further the already growing U.S. economy. The correlation between incomes, confidence and consumption is extremely close. But, the starting point, from my own analysis, is personal incomes and wages. If these two are increasing so too is consumption. Most of Americans have little to no savings; the super-savers actually throw off the averages. So, if incomes are increasing on an annual basis so too will be consumption. The mathematics on confidence is pretty simple, if you think about it.
Source: Seeking Alpha