U.S. Consumer Spending Climbs Close to a Four-Year High

Any good news.

WASHINGTON, D.C. — Americans’ self-reported daily spending averaged $77 in August, up from $73 in July, and the best August spending level recorded since 2008. It is also the highest average monthly spending since December 2008.

The results are based on Gallup Daily tracking from Aug. 1-31. Each night, Gallup asks Americans to report how much they spent the prior day apart from normal household bills or the purchase of a car or home.

Lower- and Middle-Income Consumer Spending Ticks Up

Spending among American households with annual incomes of $90,000 or less averaged $63 in August, up from $59 in July — the highest level since December 2011. Upper-income spending, which has been on a generally upward trajectory so far in 2012, was unchanged in August, averaging $135 as it did in July.

  • Harbor Guy

    Thank you cognachas4paws! I’ve been feeling alone in these thoughts.

    AND, about MSNBC…I love Thomas Roberts, Tamron Hall, Ed Schultz and even Martin Bashir and the Rev…..but, it’s people like Joe and what’s her face and Andrea Greenspan, eh, Mitchell that make me nuts. As well as (as mentioned) those “panelists”…whiney, whiney, whiney.

  • cognachas4paws

    There are many positive signs that the economy is in recovery mode, yet you would think the sky was still falling the way some are raving like lunatics about it.  The jobs numbers come out today – jobs added, unemployment rate drops, DOW is up…there are many positives but you wouldn’t know it listening to the talking heads on television or in some newspapers.  I had to turn off MSNBC this morning because I was ready to throw something at my TV, which would have annoyed me considering it’s brand new!

    Are things perfect?  No.  Too many are still out of work and too many are still struggling.  But to act as if there is nothing positive with the economy is just ridiculous. 

  • Harbor Guy

    p.s…your post is exactly what I’m talking about.

    I’m not sure where all the doom is, specifically.

    How’s about that DJ Index? Eh? Bullies? Baggers? Let me refresh roughly…

    When Prez O came into office…it hit about a low of about 6,000…and today closed at 13,306.64!

    All I hear is negative but if you look at so many signs, things are pretty good.

  • Harbor Guy

    So…I’m confused about the “economy”…

    We hear doom and gloom, Doom and Gloom and DOOOOOM and GLOOOOOM! MILLIONS unemployed!!! BOO!

    But…I’ll tell ya, the freeways and roads are jammed, most stores that I go to are busy, the grocery stores in my area seem busy, I wait in line at Starbucks (I only go because I’ve got gift cards by the dozens) and the Post Office…my employer, one of those horrible awful airlines, is jam packed…and the fares are not all that low.

    I just do not think that the “economy” is ever going to return to those “old Golden Days” (I’m not even sure when those would have been…the 90′s?)..period. It is a completely different age…period. America has changed and the world has changed…it IS a new age and it is going to take time to work through.

    I just feel that there is always going to be a higher unemployment rate until, well, until our population decreases. And, there are always going to be those that are “unemployable” for various reasons.

    So all the blather by the GOPathetics and Baggers about the unemployment rate and the numbers of unemployed, I call bullshit. They have done nothing. They want less regulations, laws and rules, which simply lets corporations ship work out of America as they want. Will they require these corporations to place jobs here? Hell no. And I see no real answers from them.