1 Consumers in strong position to sustain expansion due to booming labor markets, large savings, and record wealth Strong job opportunities lift Households have accumulated Wealth growth across nations consumer outlook in many countries trillions in savings during pandemic 0 2. Household checking deposit n o i s r (indexed to 12/19 values = 100) e Germany 1 V US 202 r e Of US respondents say there are b o 200 t plentiful jobs in the market 300 Increase in financial wealth c ~55% $18.6tn 25 O in the US ed t (highest since 2000-2001) a +€0.3tn d +$2.3tn p 150 u 200 savings es v savings i accumulated t ec accumulated p s er P 100 e v i 100 t (€1.8tn) u Of UK hospitality businesses ($1.2tn) ec x Increase in financial wealth E G 55%+ view staff availability as a C €0.67tn B in Germany . ed constraint on growth Japan UK v er es r 200 200 s t h g i r l l A . p u o +¥100tn +£0.3tn r 150 150 G g savings savings n i Is median duration to find a job t l u accumulated accumulated Increase in financial wealth s n in Australia, down from 27 o C 13 wks. ¥91.3tn in Japan n o 100 100 t s weeks last year (¥500tn) (£1.5tn) o B 9 0 0 0 0 1 1 9 0 0 0 0 1 1 y b 1 2 2 2 2 2 2 1 2 2 2 2 2 2 1 / / / / / / / / / / / / / / 2 0 2 3 6 9 2 3 6 2 3 6 9 2 3 6 2 1 0 0 0 1 0 0 1 0 0 0 1 0 0 © t h g i r y p o Note: rounded numbers 7 C Sources: Conference Board, Federal Reserve Board, Bank of Japan, Deutsche Bundesbank, UK Office for National Statistics, Australian Bureau of Statistics, BCG