Who's Driving Home Spending Growth?

Who's Driving Home Spending Growth? - HomeAdvisor Pro Center

1. Millennials are becoming homeowners for the first time. Age dramatically impacts who spends the most on home services, and millennials are emerging as the ...

U.S. consumer spending is increasingly driven by richer households

The consumers powering US economic growth are increasingly those who are higher up the income ladder, and likely enjoying a wealth effect from asset-price ...

US Consumer Spending Is Increasingly Driven by Richer Households

The consumers powering US economic growth are increasingly those who are higher up the income ladder, and likely enjoying a wealth effect ...

FedResearch on X: "Who's driving consumer spending? It's middle ...

and high-income households! They're the ones fueling strong spending growth ... Spending by Household Income. The Federal Reserve Board of ...

See who's really driving the US economy

One key reason is a relatively simple one: Wealthier consumers, boosted by strong gains in income, home equity and stock market wealth, are ...

US shoppers spent more at retailers last month in latest ... - AP News

... home construction to try to lower housing costs. “Retail sales ... who are driving the increased retail spending by consumers. Many ...

Wealthier Americans are driving retail spending and powering the ...

One key reason is a relatively simple one: Wealthier consumers, boosted by strong gains in income, home equity and stock market wealth, have ...

2024 Spending Growth Hinges on High Earners' Willingness to ...

Much of the disparity in spending growth over this period was driven by housing costs: High earners – who are relatively more likely to be ...

Consumer expenditures in 2022 - Bureau of Labor Statistics

Expenditures for food at home rose from over $4,600 in 2019 to more than $5,700 in 2022, an increase of nearly 23 percent. (See table A.) Over the same period, ...

2021 State of Home Spending | Angi Research and Economics

Lifestyle concerns continue to beat out financial reasons as the primary factor driving demand for home improvement projects. This makes sense in a time when ...

The Factors Driving Housing Costs to All-Time Highs

Prices increased last year in 97 of the nation's 100 largest markets. Home insurance costs are soaring and rent is increasingly unaffordable ...

High-Income Consumers Drive Strong U.S. Spending by Tapping ...

Consumer spending increased by 2.9% annualized in 2Q24. Real household disposable income growth was 1.1% yoy in July 2024. The notable ...

U.S. consumers tap savings to drive spending: Fitch

This strong spending growth is being driven by high-income consumers “who ... home equity lines of credit are now “the fastest growing ...

Consumer Expenditures--2023 - Bureau of Labor Statistics

Among the 14 major components of household spending, the largest percent increase in expenditures was in education (+24.0 percent). The next ...

State of Home Spending | Annual Report from Angi

Home improvement spending was $9,542 per household in 2023. Homeowners who invested in home improvement did an average of 2.8 projects. Spending on home ...

Retail sales up solidly in October as Americans showed ... - ABC News

... retailers last month in the latest sign that healthy consumer spending is driving the economy's steady growth.

The state of US consumer spending in 2024 | McKinsey

A growing number of high-income Gen Z consumers reported trading up in the second quarter of 2024 compared with the previous quarter (27 percent ...

Consumer Spending | U.S. Bank

Consumer spending is helping to sustain the US economy and prevent a recession, but household debt has reached record levels.

Consumer Spending Drives Q3 GDP Growth Despite Pressure

Consumer spending grew at a 3.7% pace, adjusted for inflation, while prices were up 1.5% on an annualized basis. Consumer spending accounts for ...

Consumer Spending | U.S. Bureau of Economic Analysis (BEA)

Consumer spending, or personal consumption expenditures (PCE), is the value of the goods and services purchased by, or on the behalf of, US residents.