Consumer spending reaches record high in October: report ...Middle East

Consumer spending in the U.S. reached a record high in October, according to a recent analysis of federal data by the personal finance site WalletHub. Americans spent $1.57 trillion in October, up $4.04 billion from the month before, WalletHub’s consumer spending report found. This represents the highest spending total for a single month since 2010, according to the report, which is based on inflation-adjusted data from the Bureau of Economic Analysis. “Despite monthly totals setting records, recent spending does not seem to be unusually reckless, considering that metrics such as the ratio between spending and income are in line with historical averages,” WalletHub editor John Ki

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Last updated : 05 Dec 2023 clock 12:45 AM

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Consumer spending reaches record high in October: report ...Middle East

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