Deloitte, McKinsey Data Show More Consumer Confidence, Shifting Splurges
- by Sarah Mahoney @mahoney_sarah, April 28, 2023
Consumer spending is holding up, despite economic warning bells. New research from Deloitte and McKinsey highlights that whatever consumers think about the economy, they’re feeling relatively upbeat about their personal finances.
Deloitte’s findings explore the splurge-thinking many attribute to the Lipstick Index -- the idea that in tough times, small …
