Monday, June 13, 2005

US Consumers have lowest cashflow out of 37 countries

A recent study by AC Neilson found 28% of US consumers had no spare cash.

In the face of rising interest rates, this is significant cause for concern as there is very little room to adjust to the additional monthly costs that accompany higher rates.

June 13, 2005 12:06 PM US Eastern Timezone

Large Number of U.S. Consumers Continuing To Live Paycheck to Paycheck, According to ACNielsen

NEW YORK--(BUSINESS WIRE)--June 13, 2005--

More Then One-Quarter of U.S. Consumers "Have No Spare Cash" U.S. Tops 37 Other Markets for Most Cash-Strapped Consumers


The U.S. is number one when it comes to the percentage of the population that claims to "have no spare cash," according to a new ACNielsen survey of consumers in 38 markets. More than one-quarter (28%) of U.S. respondents said once they have covered their essential living expenses they have no money left over.

Markets With Highest Percentage of Markets With Lowest Percentage
Consumers Who Have No Spare Cash of Consumers Who Have No Spare
(Global Average = 13%) Cash (Global Average = 13%)
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Ten Market % With "No Ten Market % With "No
Highest Spare Cash" Lowest Spare Cash"
----------------------------------------------------------------------
1 United States 28% 29 Philippines 8%
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2 Portugal 24% 30 Taiwan 8%
----------------------------------------------------------------------
3 Brazil 23% 31 China 7%
----------------------------------------------------------------------
4 Chile 21% 32 India 7%
----------------------------------------------------------------------
5 Korea 19% 33 Ireland 7%
----------------------------------------------------------------------
6 Canada 19% 34 Mexico 7%
----------------------------------------------------------------------
7 Netherlands 19% 35 Spain 7%
----------------------------------------------------------------------
8 Denmark 18% 36 Indonesia 5%
----------------------------------------------------------------------
9 Sweden 17% 37 Russia 5%
----------------------------------------------------------------------
10 Greece 17% 38 Thailand 5%
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Source: ACNielsen Online Consumer Confidence Study

Here is the Full study

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