Consumer confidence went up in March despite inflation that has become a top worry for Americans. The Conference Board’s index found consumer confidence rose to 107.2 in a report yesterday, Bloomberg reported. However, March also saw an increase in concerns about inflation, which has hit at its highest level in decades, with consumers believing it could get as high as 7.9 percent, according to the report. In a Gallup poll, 59 percent said they worry a “great deal” about the cost of living, with inflation the No. 1 economic issue among respondents. The concern about the economy has become a problem for the Biden administration, as another poll found that only 35 percent of voters somewhat or strongly approve of the job the president is doing with the economy.
