Consumer Payment Card News

CASH Index

Pessimism among U. S. consumers continues to spread as Americans’ confidence in future personal financial conditions continue to weaken. However, consumer attitudes regarding current conditions and investments show signs of stabilizing. The latest “RBC CASH Index” (Consumer Attitudes and Spending by Household) dropped to an all-time low this month since its inception in 2002 to 29.5, compared to 33.1 in March. Each index fell to a record low in April with the exception of the Jobs Index, which was less than one point above its worst level registered in 2003 – when the economy was showing signs of stalling in its recovery from the 2001 recession.

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