That indicator can represent sluggish consumer demand, which could be a result
of stagnant wage growth and uncertainty in the job market.
Commenting Paul Falvey said: «Britain's high street has been struggling for some time,
with stagnant wage growth limiting spending power while online retailers have attracted what disposable income there is.
While the economy has picked up from last year, overall spending is being crimped
by stagnant wage growth and rising costs for healthcare and education, according to the consultant.
However, he said many customers were under pressure given surging utility prices, and childcare and healthcare costs against the backdrop of
virtually stagnant wage growth.
Combine the
relatively stagnant wage growth and the post-recession trauma with the housing affordability issue and you have gale force headwinds towards homeownership.
Moreover, the real slowdown in household formations has come from the Millennials, who have suffered disproportionately
from stagnant wage growth and student debt.
Increased rents and
stagnant wage growth leads to a problem of affordability for many renters, and a separate conversation about Affordable Housing, what it is and how it works.
Unfortunately, high asset prices and rising services inflation are already burdening young workers faced
with stagnant wage growth to fuel political instability.
When it comes to homeownership, 52 percent of firms are concerned with millennials» ability to buy a home because
of stagnant wage growth, their debt - to - income ratios and a slow job market.
Stagnant wage growth isn't just a problem for those at the bottom of the salary scales: middle - class family incomes are slightly lower now than they were in the 1970s.
What's more, Trump has been very critical of free trade agreements, threatening to tear them up after blaming them — NAFTA, specifically — for the loss of American jobs and
stagnant wage growth.
Even though unemployment levels are decreasing and gas prices are falling,
stagnant wage growth is forcing middle - and low - income consumers to spend prudently, Paransky said.
Homebuyers continue to fork over more dollars to buy properties while we sit with
stagnant wage growth, stagnant economic growth and low - wage jobs being about all that's created.
Retailers are relying on a successful weekend and are hoping consumers will continue to spend confidently despite the first rise in interest rates in 10 years and a squeeze on disposable income driven by rising inflation and
stagnant wage growth.
Stagnant wage growth and persistently high unemployment is constraining consumer spending.
Yun also noted that
stagnant wage growth is holding back what should be a stronger pace of sales.
Firms are concerned with millennials» ability to buy a home because of
stagnant wage growth, their debt - to - income ratios and a slow job market.