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 7/3/08 For Jul 2008 | ||||||||
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Highlights
July RBC CASH (Consumer Attitudes and Spending by Household) index dropped to 14.6, a new all-time low since its inception in 2002, compared to 22.5 in June. Soaring gas and food prices and a stock market that just endured its worst June performance since the Great Depression are draining consumers' wallets as well as their confidence. The survey found that, while consumer attitudes regarding the employment market show signs of stabilizing, Americans' confidence in future personal financial conditions, current conditions and investments continues to weaken.
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