Gallup reports that Americans’ daily spending rose sharply
during March. Based on
self-reported data on daily spending at restaurants, stores, gas stations, and
online, Gallup found that the average American spends $74 a month, up eleven
dollars from the previous month.
This figure is also up 16% from March of 2011, when the average American
spent $64. The recession obviously
influenced consumer spending. In
March of 2008, with the recession just beginning, consumer spending hovered at
$81 a month. Examining just the
month of March over the past 3 years (comparing multiple months is difficult
due to seasonal factors influencing consumer spending), it is clear that the
level of spending remained in a tight range of $59 to $64. While the financial crisis drove
Gallup’s consumer spending down anywhere from 21% to 27%, the most recent jump
in the figure represents a refreshing development. With that said, Gallup’s Chief Economist Dennis Jacobe
notes that newfound economic confidence, strengthened job creation, higher gas
prices, and an early Easter may all have direct influence on daily
spending.
About TeachingwithData.org
TeachingWithData.org is a partnership between the Inter-university Consortium for Political and Social Research (ICPSR) and the Social Science Data Analysis Network (SSDAN), both at the University of Michigan. The project is funded by NSF Award 0840642, George Alter (ICPSR), PI and William Frey (SSDAN), co-PI.
Translate
Search This Blog
Popular Posts
-
A report published this spring by the Pew Research Center finds that 24% of teens go online “almost constantly . In addition Pew also rep...
-
On May 21, as a step in implementing the Improving Free Inquiry, Transparency, and Accountability at Colleges and Universities Executive Ord...
-
If you’ve hit the point in the semester where your classes have fallen into routines and you’d like to spice things up a bit, this webinar i...
-
A study recently featured in the Journal of Comparative Economics examines income inequality in urban China. Capital income increased d...
-
According to the Washington Post, since 2009, the unemployment rate in the United States has dropped by 50% . The traditional...
No comments :
Post a Comment