Olham Blog 6

Deloitte Consumer Spending Index Looks Positive

"The continued rise in the Index points to a significant improvement in the fundamentals of household financials," said Carl Steidtmann, chief economist with Deloitte Research. The negative Real-Estate market’s effects have decreased in recent months. Initial unemployment claims are falling sharply within the past three months which is a reliable sign of economic recovery.

With economic conditions looking up consumers might be encouraged to spend more but they may need an incentive to increase their spending. Retailers could possibly look at providing better services or promoting a good cause to attract consumers.

Reading this press release gave me hope. Being a college student and knowing that plenty of college graduates are having difficult times with unemployment is not encouraging. I have been very intimidated by life after graduation because of the economy. This press release was encouraging and I’m glad that it appears the economy is once again going to pick up.

http://www.prnewswire.com/news-releases/deloitte-consumer-spending-index-continues-positive-momentum-69962217.html