Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

Consumer spending accounts for a whopping 53 per cent of the economy (real GDP), so the degree to which households decide to spend or save is critical to the...

Consumer spending accounts for a whopping 53 per cent of the economy (real GDP), so the degree to which households decide to spend or save is critical to the economic outlook. A major positive for spending of late is rising household wealth - which, as seen in chart below, tends to be associated with a lower household saving ratio. That said, we should not overestimate the wealth impact, as weak income growth poses a major offsetting downside risk to consumer spending. Click on the link for more: (VIEW LINK)


David Bassanese
Chief Economist
BetaShares

Author, columnist, investment strategist and macro-economist. Previous roles at Federal Treasury, OECD, Macquarie Bank and AFR. I develop economic insights and portfolio construction strategies for BetaShares' retail and adviser clients.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.