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This overview of US consumer expenditures lays out positive and negative drivers of spending and looks at the trends ahead. The outlook points to a modest slowdown from the rapid pace of last year’s growth. A strong labor market, few if any further interest rate increases, and easing concerns about trade negotiations will support demand growth. Consumption is set to grow at 2.5 percent through the end of 2019. While this represents a small slowdown from last year’s figure of 2.6 percent, improved financing conditions could help reverse the recent slide in purchases of durable goods.