Consumer Spending Trends

Bank of America Institute’s Liz Everett Krisberg discusses the latest Consumer Checkpoint Report, revealing that consumer spending is steadily increasing. The report offers real-time estimates on financial health, indicating robust consumer confidence amid economic fluctuations.

Key Insights from the Report

The report highlights significant growth in discretionary spending, with a notable 5% year-over-year increase. Additionally, the survey indicates that consumers are prioritizing experiences over goods, reflecting a shift in spending habits influenced by lifestyle changes post-pandemic.