Big4.com Reports on Deloitte Consumer Spending Index Showing Increase After Months of Decline

Apr 15, 2012 (PRWeb.com via COMTEX) -- Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers, PwC, reports March marked only the third monthly increase over the past 12 months for the Deloitte Consumer Spending Index and recent developments show consumer cash flow may be strained going forward.

The Deloitte Consumer Spending Index tracks consumer cash flow as a way of predicting future consumer spending. Carl Steidtmann, Deloitte's chief economist and author of the monthly index supplied an overview.

"The Index turned upward as the pace of declining new home prices slowed," he said. "Despite this improved performance, there is little evidence the housing market is picking up. On the positive side, initial unemployment claims continue to move lower from a year ago." Big4.com looked at the recent developments that put constraints on consumer cash flow. These include the facts that gasoline prices continued to rise, the savings rate has fallen from 4.7 percent to 3.7 percent over the past two months and real incomes fell 0.1 percent in February although consumer spending rose.

Other highlights from the Deloitte research include the fact that the tax burden continues to rise slowly even as tax revenues collected by the Federal government stagnate. The burden of the increase comes at the state and local level where increases have been needed in attempts to balance budgets. As well, jobless claims continued to fall and were at 354,750 in the most recent month.

About Big4.com Big4.com is the accounting, tax, consulting and IT professions' premier resource, and has been exclusively focused on Big Four firm professionals and alumni for 10 years, providing high quality content, connectivity and commerce. The Big Four Job Board offers fresh job opportunities - clients include the world's leading companies. Big Four News covers key news, developments, events, survey results, press releases and appointments. The Big Four Blog provides opinion and insight on recent and key developments, news, happenings, management changes, regulations, acquisitions and capital market activities. Big4 Video is a professionally produced news covering key global developments in this space.

Big4.com has a strong presence on key social media platforms: Youtube: Big4Video is a professionally produced weekly news magazine.

Twitter: twitter.com/big4 has 9,000 followers.

LinkedIn: The Big Four Alumni and Professionals group is the largest corporate and alumni group with 85,000+ members.

Facebook: The Big4 fan page has 5,500 fans at Facebook.com/big4page.

Xing: The Big Four Alumni and Professionals group has 1,450+ members.

# # # Share: Contact Kristy Short Big4.com (734) 481-0186 Read the full story at http://www.prweb.com/releases/2012/4/prweb9400565.htm PRWeb.com

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