Thoughts to ponder
Looking at the information from Gallup on consumer spending comparing before the great recession and financial collapse in the fall of 2008, the 14 day rolling average of consumer spending to 2012, consumers report that they were spending 15.9% and 21.64% less than in January and May respectively in 2012 as compared to 2008. Looking at the bottom in 2010 consumers report that they spending 5.7% and 11.76% more respectively in January and May 2012 as compared to 2010. According to the bureau of labor statistics from consumers prices have risen 4.46% and 5.53% January and May respectively comparing 2010 to 2012. Sooooooooooooo the question becomes are consumers spending more and buying less? Or are we recovering less and enjoying it less?
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Gallup Daily: U.S. Consumer Spending
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Results reported in both a 3-day and 14-day rolling average
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Date
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3-day rolling average
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14-day rolling average
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01/15/2008
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104
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88
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05/27/2008
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97
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97
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01/02/2009
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68
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78
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01/02/2010
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59
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70
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05/26/2010
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68
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68
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01/02/2011
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74
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80
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05/26/2011
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65
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66
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01/02/2012
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75
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74
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05/26/2012
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76
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76
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;)
;)
;)
