Most Americans consumers had cut down on spending during recession, but there are clear signs that people are coming out of their shell now and are willing to spend more.

There are many signs of economic recovery as the job market is picking up, industrial output is increasing and retail sales are going up. And the icing on the cake is that consumers are no longer restricting their spending to necessities like food and medical expenses. They are spending on clothes, jewelry, holidays and cars. [Read more…]