Consumer spending flat in June

Americans hold fast even as rates increase

Americans' daily self-reports of spending averaged $90 for the month of June, essentially unchanged from the previous two months.

The latest average is also consistent with the June averages in 2013 and 2014. Americans' reported spending had been rather stagnant from 2009-2012 on the heels of the mortgage and financial crash.

Since late 2012, it has hovered around the $90 mark, compared with much lower averages near the $70 mark in 2009-2012.
Although this year's June average is no different from the June 2013 and 2014 averages, it remains well above the June figures Gallup recorded between 2009 and 2012.

Spending between June and July, however, has usually increased a little, so it could increase this month as well.

Gallup's self-reported Consumer Spending measure is based on a question that Gallup tracks daily, asking a nationally representative sample of about 500 adults, aged 18 and older, and reports monthly based on approximately 14,000 interviews.

They are asked about everything from daily retail spending to big purchases like housing and automobiles.

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