Archive for consuer spending

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.