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Consumer Spending Confidence Rebounds in July

Discover Survey of U.S. Consumers Reveals Strong Summer Optimism Among 18 to 29-Year-Olds

Consumer spending confidence rebounded slightly in July, according to a random survey of 15,000 US adults conducted last month for the Discover (R) Consumer Spending Confidence Monitor (SM). For the first time since the Monitor started in May, more than 50 percent of consumers are not expecting income shortfalls this month. A modest rebound in the number of consumers saying they had money left over after paying July's bills and a general increase in economic optimism helped drive a 0.5 point increase in the July Monitor to 97.2 from 96.7 in June.

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