The health of the US consumer in October 2024

The health of the US consumer in October 2024

The health of the US consumer in October 2024 Deloitte's key takeaways:

1. Deloitte's financial well-being index rose 5.3 points year-over-year, holding steady at 99.0 in September 2024.
2. Improvements in financial well-being are mainly driven by higher-income households.
3. Discretionary spending intentions grew for the fourth month in a row, though still below the 2021 baseline, indicating recovering confidence.
4. Spending trends vary by category; housing and leisure travel show the strongest increases relative to the 2021 baseline.

Source: https://www2.deloitte.com/us/en/insights/economy/consumer-pulse/state-of-the-us-consumer.html