Search Results for: consumer spending

Late-cycle Worries Consumers are currently more optimistic today than about the future. That’s worrying because consumer spending contributes 70% of total U.S. production. Image: Deutsche Bank

How Have Real Personal Consumption Expenditures Declined Ahead Of Every Recession? Consumer spending drives the US economy. Historically, Real Personal Consumption Expenditures, which accounts for about 70% of GDP, decline before a recession. That’s not the case today. So, a recession may not be imminent in this late-cycle expansion.

Visualizing How Americans Spend Their Money The Consumer Expenditure Survey is a Bureau of Labor Statistics (BLS) survey that collects information on the buying habits of U.S. consumers. Image: howmuch.net