The Deloitte Consumer Spending Index (Index) plunged in September to its lowest level since May 2009, primarily due to a significant fall in home prices and deterioration in real wages. The Index tracks consumer cash flow as an indicator of future consumer spending. “Low mortgage rates are doing little to spur home sales as banks [...]
Bolstered by a rise in home prices and a slight improvement in real wages, the Deloitte Consumer Spending Index rose in July for the first time since January. The Index tracks consumer cash flow as an indicator of future consumer spending. “The housing market is showing multiple signs of stabilizing and that is helping to [...]
U.S. and Europe to remain global centers of wealth while emerging markets bubble up; significant opportunities for wealth managers, financial institutions A new report from the Deloitte Center for Financial Services suggests the total wealth among millionaire households could more than double over the next decade in 25 major economies, growing from an estimated $92 [...]
Weakened Fundamentals in 2010 Suggest Real Spending Growth May Peak in 2011 The Deloitte Consumer Spending Index (the Index) dipped in November, primarily due to sustained weakness in the housing market despite incremental gains in other areas. The Index attempts to track consumer cash flow as an indicator of future consumer spending. “Real consumer spending [...]