Consumer sentiment report: December 2024

Key takeaways:

  1. Deloitte’s financial well-being index hit a four-year high of 104.3 in October, rising by 5.3 points from September and 14.2 points year-over-year.
  2. In October, 77% of higher-income respondents reported improved finances, up 14 points from 2022; only 54% of lower-income respondents saw similar improvement.
  3. Discretionary spending intentions have risen for the fifth month but remain below 2021 levels.
  4. Spending intentions vary by category: Housing, leisure travel, and groceries show strong gains compared to 2021, while clothing and home furnishings lag behind.

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