Consumer spending currently accounts for approximately 70% of economic growth, as measured by Gross Domestic Product (GDP) in the United States. Hence, any news with respect to increases in consumer spending is greeted warmly by the markets looking for some signs of sustainable economic growth momentum. With this information as the back-drop, let’s review some of the more recent reports related to the spending activities of American consumers.Read more
2011 End of Year Update on Consumer Spending
Published: Dec. 14, 2011