date:Jan 07, 2013
althy people, said Michael Wilson, head of research at Morgan Stanley's wealth management division.
A two percent hit off the top for the average person is meaningful, he said. It will change their spending behavior.
While it was hard to say American consumers were tapped out, they are fragile, said Chris Donnelly, global head of Accenture's retail practice. It doesn't take much to rattle the consumer.
As cautious U.S. consumers try to stick to their budgets, it remains a very competitive mar