What is a typical result of high consumer confidence?

High consumer confidence typically leads to an increase in consumer spending. When consumers feel optimistic about the economy and their financial situation, they are more likely to spend money rather than save it. This can manifest in various ways, such as increased purchases of goods and services, dining out, traveling, and engaging in leisure activities. As consumers' willingness to spend rises, businesses often experience higher sales and may respond by increasing production and hiring, further stimulating the economy. This positive feedback loop reinforces the notion that when people are confident about their economic prospects, they feel more inclined to make discretionary purchases.