14 posts on "consumer spending"
January 16, 2018
What about Spending on Consumer Goods?
In a recent Liberty Street Economics post, I showed that one major category of consumer spending—spending on discretionary services such as recreation, transportation, and household utilities—behaved very differently in the 2007-09 recession and subsequent recovery than in previous business cycles: specifically, it fell more steeply and has recovered much more slowly.
October 16, 2017
Discretionary Services Spending Has Finally Made It Back (to 2007)
The current economic expansion is now the third-longest expansion in U.S. history (based on National Bureau of Economic Research [NBER] dating of U.S. business cycles). Even so, average growth in this expansion—a 2.1 percent annual rate—has been extraordinarily weak.
August 6, 2014
The Slow Recovery in Consumer Spending
One contributor to the subdued pace of economic growth in this expansion has been consumer spending.
April 17, 2013
Young Student Loan Borrowers Retreat from Housing and Auto Markets
Student loans have soared in popularity over the past decade, with the aggregate student loan balance, as measured in the FRBNY Consumer Credit Panel, reaching $966 billion at the end of 2012.
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