A recently published article in the “Harvard Business Review” looks at 10 industries in the S&P 500 and ranks their vulnerability to the increase in consumer savings.
The U.S. savings rate hit a 14-year high of 5.7% in April and it appears as though the trend will be long lasting.
From the list of companies that are most vulnerable to the consumer deleveraging and saving more, the top 5 are:
1. Consumer Discretionary
2. Consumer Staples
3. Information Technology
4. Financial Services
5. Utilities
