US Consumer Growth Is Slowing And Consumer Spending Is At Risk.

The pace of personal income growth in the United States is slowing down, and the share of workers' income in gross national income is decreasing, thereby increasing the risk that consumer spending may decline next year.

According to the data released by the US Department of Commerce in November 22nd, the average annual growth rate of US gross national income between April and September this year is 2.8%, up 4.3% in the previous 6 months.

In the last quarter, employees

Analysts pointed out that because of the fact that employees' salaries and the number of employees employed in the company have not increased, it is estimated that US consumers will also cut their budgets in 2012, which means consumer spending will decline.

Bank of America Merrill Lynch Global Research Corporation (Bank)

Of America Merrill Lynch) senior economist Michel - Meyer in New York (Michelle

Meyer said: "the attitude of the company is very cautious, so unwilling to hire employees, and do not want to pfer profits to consumers like before.

Consumer spending will also be sluggish under the situation of slow wage growth.

The US stock market rose today because the market speculated that the leaders of the eurozone would take more measures to resist the sovereign debt crisis.

Treasury bond prices fell, pushing the yield of benchmark 10 - year treasury bonds to 1.89% from 1.89% in November 24th.

Angela Merkel, Germany's prime minister, reiterated its opposition to the joint issuance of Euro bonds yesterday, leading to frustration in the optimism that European Union leaders will agree to use Euro bonds to solve the sovereign debt crisis in Merkel.

Russia's central bank decided today to maintain its benchmark interest rate unchanged at 8.25%. Earlier this year, the bank raised interest rates for the two time, because the euro zone sovereign debt crisis caused the country's economy to be short of cash.

Russian officials are trying to stem the outflow of funds, while Western European banks are withdrawing funds to deal with the debt crisis.

In Asia, consumer prices in Japan fell for the first time since June in October, causing the central bank to doubt that Japan's economy will come out of deflation cycles.

Japan's National Bureau of Statistics announced today that consumer prices excluding fresh food in October dropped by 0.1% compared with the same period last year.