June 15, 2022 - Boyd Watterson

Consumer spending plays a large role in the U.S. economy and current data suggests the health of the consumer is deteriorating, which is a negative headwind for the overall economy.

June 15, 2022Rank Dawson, CFA, FDPWeekly Market Minute

Consumer spending has been equal to 65-70% of U.S. GDP since the mid-1990s. Source: Macrobond. This means that the health of the consumer, and their ability to continue spending, has a large impact on the growth of the overall economy. Many consumer related indicators are heading in a negative direction. Consumer incomes on a real...

Day

Consumer spending plays a large role in the U.S. economy and current data suggests the health of the consumer is deteriorating, which is a negative headwind for the overall economy.