U.S. Consumer Spending Continues to Rise in September 2014 Year-Over-Year

Self-reported spending continued its year-over-year rise in September 2014 (see Chart 1 below), even though it dropped from reported levels in July and August.  So this is mostly a positive sign.  However, when you look closer at how the particular demographics are spending, we are seeing a drop in self-reported consumer spending by those making $90,000 or more (see Chart 2 below).   This is concerning since they have more discretionary spending capacity then those making less than $90,000 a year.

Amos B Robinson,
Data Scientist
Robinson Analytics
(919)348-9153 or
(804)651-5400
www.robinsonanalytics.com

Chart 1



Chart 2