Goldman Sachs: Will Consumer Spending Ever Recover?

| |

That’s the question GS investigates in a new research report.

Consumption growth or household spending has slowed meaningfully since the financial crisis. Over the past decade, consumption growth in advanced economies has averaged a compound annual growth rate of 2.9% between 2004 and 2014, compared to a CAGR of 4.3% between 1994 and 2004. Consumer Spending: What We Can Learn By Going Back To School Consumption…