…all things considered. Gallup Consumer spending is running at $83 per day. Just eyeballing this graph, I’d say that is nearly $16-$18 per day higher than the last few years. And Consumer Confidence is very high.
This number is very high, especially considering exactly how badly the recent news is for the average consumer.
- The recent disposable income numbers are horrible. Consumer spending is down because of the massive payroll tax hike on the average consumer.
- Gasoline prices have jumped and stayed high.