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  1. Dec 4, 2023 · Consumers spent more in fall 2023 than the previous year due to a spike in prices for energy, financial services, food services, housing, and clothing, study shows.

  2. Apr 24, 2024 · For 2023 as a whole, household spending rose by 1.7% after advancing 5.1% in 2022. Non-residential business investment weighed on growth in the second half. Combined business outlays on non-residential structures and machinery and equipment (M&E) were down 2.5% in the fourth quarter after declining 4.4% in the third.

  3. Jan 29, 2024 · Annualized, it comes out to a 2.5% increase in 2023 vs. 1.9% in 2022. The stronger than expected growth was driven mostly by consumer spending and government spending.

  4. Aug 23, 2024 · In the second quarter of 2024, US consumer optimism fell, mirroring levels seen at the end of 2023. Economic pessimism grew slightly, fueled by concerns over inflation, the depletion of personal savings, and perceived weakness in the labor market.

    • Christina Adams
  5. Nov 9, 2023 · Pent-up demand from the pandemic has increased spending on experiences by 65% from 2019 to 2023 in the United States, according to Mastercard’s Travel Industry Trends Report.

  6. Mar 28, 2024 · Online shoppers spent $12.4 billion on Cyber Monday in 2023. When comparing Black Friday vs. Cyber Money statistics, Cyber Monday comes out ahead as the biggest online shopping day during...

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  8. The data in this section reflects how consumers described changes to their overall and online spending in the first quarter of 2024 compared to the fourth quarter of 2023. See consumer spending data for the fourth quarter of 2023 here.

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