Broker Check
Consumer Spending

Consumer Spending

| May 25, 2020
Share |

As the economy begins to reopen from the coronavirus lockdown economists have predicted just about every scenario possible, from a 1930’s-style long-running economic depression to an immediate recovery and a quick bounce back to new highs.  Since the United States economy is predominantly consumer-driven, perhaps some insight can be gleaned from consumer spending plans covering the next 6 months.  Uh-oh - only 3 categories of spending are seen as increasing: “Groceries”, “Beer/Wine/Alcohol” and “Candy”.  Every single one of the other 18 categories show reduced spending plans.  Not the sort of plans from which robust recoveries are made, unfortunately.

Click Here for the Full Market Commentary

Share |