The RBC CASH (Consumer Attitudes and Spending by Household) Index is a monthly national survey of consumer attitudes on the current and future state of local economies, personal financial situations, savings, and confidence to make large investments. The CASH Index is benchmarked against a baseline score of 100, assigned in January 2002 when the Index was introduced. Why Investors Care
| Released on 6/5/08 For Jun 2008 | ||||||||
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Highlights
June RBC CASH (Consumer Attitudes and Spending by Household) Index sank to an all time low of 22.5 from May's 39.0 reading as consumer worries over every facet of their financial situation mounted. Economic attitudes soured across the board, with consumers viewing the current economy negatively and displaying deep pessimism about the future. After improving in May, the RBC CASH Index resumed the downward trend that has persisted for most of the past 12 months as the overall index and each sub-index declined. RBC noted that despite economic stimulus checks being sent to millions of Americans, this month's reading indicates consumers are under extreme and growing financial pressure from falling housing prices, rising food and energy prices and a softening job market.
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