Consumer confidence just hit a 7-year high

Consumer confidence hit a seven-year high this November just in time for holiday shopping, according to one measure. The Thomson Reuters/University of Michigan index increased to 88.8, the highest since 2007 and nearly a two-point jump from October.

Stronger job growth, cheaper fuel, and high stock prices are contributing to the sentiment, Bloomberg reports.

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Julie Kliegman

Julie Kliegman is a freelance writer based in New York. Her work has appeared in BuzzFeed, Vox, Mental Floss, Paste, the Tampa Bay Times and PolitiFact. Her cats can do somersaults.