US Consumer Spending Driven by Asset Values and Tax Refunds
The broadcast raised a question regarding the amount of money Americans are currently spending in the prevailing economic environment. Consumer spending in the United States is being propelled by the value of assets and the reception of tax refunds.
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Sources · 7 independent
WTOP Washington DC
“come Americans are spending so much money in this environment? Thank you.”
WTOP Washington DC
“come Americans are spending so much money in this environment? Thank you. a lot of spending going on. So what's going on? I think it's a few things at once. It's that people who own homes or own financial assets, like a retirement account or an investment account, those people are feeling, maybe they feel negative, but they're net worth, the value of the stuff they own is rising.”
WTOP Washington DC
“there were tax refunds that came back, They are a little bit...”
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“US Consumer Spending Driven by Asset Values and Tax Refunds”
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