Trends in consumer sentiment and spending

Daniel DiFranco and Maude Toussaint-Comeau

Chicago Fed Letter, 2009, issue Apr, No 262

Abstract: In 2008, personal consumption expenditures represented 70% of gross domestic product, or total spending on final goods and services, according to U.S. Bureau of Economic Analysis data. This article analyzes consumer sentiment and spending data to uncover differences across income and education level groups.

Keywords: Personal; Consumption; Expenditures; Price; Index (search for similar items in EconPapers)
Date: 2009
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