Consumer Spending Index Reaches Two-Year High

The Deloitte Consumer Spending Index rose 11.7% in Sep. '09, climbing to 3.44%.

  • The tax burden continues to fall with the weakening of the economy
  • Initial unemployment claims have dropped from 694,000 in Mar. '09 to about 263,000 in Sep
  • Real wages are up 4.8% from a year ago
  • The pace of decline in home prices has slowed significantly

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