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Specifically, high knowledge consumers' inferred beliefs are stronger, held with higher confidence, and more congruent with their existing beliefs than those of low knowledge consumers.
Until now official figures have shown a reluctance among business leaders to match an increase in confidence among consumers with higher business investment.
For consumers with higher incomes, "I think there's generally more confidence today than there was at this time last year," said Macy's chairman and chief executive, Terry J. Lundgren.
"From a psychology standpoint, lower prices at the pump are correlated with higher consumer confidence," said Michael Niemira, chief economist for the International Council of Shopping Centers.
With consumer confidence high and the economy growing, about the only thing you can say with any certainty is that spending will probably grow.
Low consumer confidence, along with high gasoline prices and a housing slowdown, were a drag on auto sales through much of 2007.
Retailers dropped even with the higher consumer confidence reading after Target said sales for June at stores open for more than a year will be "well below" its estimate.
Asia-Pacific is the region with the highest consumer confidence average in the world.
So consumer confidence is high".
Lingering trouble from the recession will set the tone for the year, with high unemployment and low consumer confidence, continuing to be a major challenge, Stewart added.
The Big Story: Consumers Are Spending Consumer confidence increases to its highest level in eight months.
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CEO of Professional Science Editing for Scientists @ prosciediting.com