CONSUMER SPENDING INCREASES

Consumer spending is having a hard time recovering in spite of the gasoline price bonus; however, it picked up 2.7% in May.*  Note in the figure that consumer spending was dropping for years before the Great Recession. and is about where it was in the first half of 2007.



* http://blogs.wsj.com/economics/2015/06/11/where-did-americans-spend-their-money-in-may/?mod=djemRTE_h