4,582,434
Surprised? No.
-
Doug Dawes
Topsfield, MA
-
Richard Weeks
Dallas, TX
-
Nina Hollander, Broker
Charlotte, NC
-
Allie Angeloni
Oro Valley, AZ
-
Joyce Marsh
Daytona Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Chris Ann Cleland
Gainesville, VA
-
Barbara Todaro
Franklin, MA
-
Kathleen Daniels, Prob...
San Jose, CA
-
John Pusa
Glendale, CA
-
Inna Ivchenko
Encino, CA
5,254,655
I get the spending but, income actually went UP for most as not only do most have some sort of incremental raises but, many are making more due to lower taxes.
UNLESS that number dropped because there are now more employed than ever before? Perhaps entry level salaries are bringing the income number down?
-
Peter Testa
Danbury, CT
-
Doug Dawes
Topsfield, MA
-
Richard Weeks
Dallas, TX
-
Lyn Sims
Schaumburg, IL
-
Nina Hollander, Broker
Charlotte, NC
-
Allie Angeloni
Oro Valley, AZ
-
Inna Ivchenko
Encino, CA
-
John Pusa
Glendale, CA
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
991,352
Nothing new there - we live in the land of revolving credit
-
Doug Dawes
Topsfield, MA
-
Lyn Sims
Schaumburg, IL
-
Allie Angeloni
Oro Valley, AZ
-
Joyce Marsh
Daytona Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Barbara Todaro
Franklin, MA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Inna Ivchenko
Encino, CA
2,400,425
The chart makes sense to me Inna Ivchenko . Credit has gone down because spending is up (thus some/many people have maxed out their credit) and they are spending because their weekly earnings are up which gives them the optimism to spend.
-
Peter Testa
Danbury, CT
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Allie Angeloni
Oro Valley, AZ
-
Inna Ivchenko
Encino, CA
-
John Pusa
Glendale, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,553,588
The American Way: NEVER LEARN.
Sorry, 2007-2011 was my great teacher. We spend far less than we earn and we don't give a $#!+ about "The Jones".
-
Sam Shueh
San Jose, CA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Tammy Lankford,
Eatonton, GA
-
Doug Dawes
Topsfield, MA
-
Lyn Sims
Schaumburg, IL
-
Inna Ivchenko
Encino, CA
-
Allie Angeloni
Oro Valley, AZ
-
Debe Maxwell, CRS
Charlotte, NC
4,176,822
Inna Ivchenko consumers live on revolving credit.
-
Sam Shueh
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Allie Angeloni
Oro Valley, AZ
-
Inna Ivchenko
Encino, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Barbara Todaro
Franklin, MA
-
Michael Jacobs
Pasadena, CA
2,684,669
Keynesian Economics at the consumer level.
-
Doug Dawes
Topsfield, MA
-
Joyce Marsh
Daytona Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Barbara Todaro
Franklin, MA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Inna Ivchenko
Encino, CA
716,529
Sadly, BoA is part of the swamp. Be nice to double check those figures against another source or two. Assuming it is correct, it does show an increase in earnings, a decrease in consumer credit, and an increase in consumer spending, that's all economically fabulous.
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Lyn Sims
Schaumburg, IL
-
Allie Angeloni
Oro Valley, AZ
-
Inna Ivchenko
Encino, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
2,221,377
Interesting.
-
Peter Testa
Danbury, CT
-
Doug Dawes
Topsfield, MA
-
Allie Angeloni
Oro Valley, AZ
-
Inna Ivchenko
Encino, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,583,328
Danger ahead.... people are spending more than they can afford to spend ....and credit ratings are declining because of that extra debt....
that's how it starts....
-
Doug Dawes
Topsfield, MA
-
Lyn Sims
Schaumburg, IL
-
Allie Angeloni
Oro Valley, AZ
-
Inna Ivchenko
Encino, CA
-
John Pusa
Glendale, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
1,624,853
Well, consumer spending is higher than one year ago and below its 30-year average. This may indicate that consumers have confidence in the economy. Inflation is the same as one year ago. The Federal Reserve raised interest rates from 1.5% to 1.75% in March 2018, the highest level since 2008.
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Allie Angeloni
Oro Valley, AZ
-
Joyce Marsh
Daytona Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Barbara Todaro
Franklin, MA
-
Michael Jacobs
Pasadena, CA
3,349,554
The fact that it was put out by BoA causes speculation within me.
-
Doug Dawes
Topsfield, MA
-
Lyn Sims
Schaumburg, IL
-
Inna Ivchenko
Encino, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
5,113,121
That is nothing new and to some degree it tells us people have confidence in the economy and their ability to earn and carry debt.
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Richard Weeks
Dallas, TX
-
Lyn Sims
Schaumburg, IL
5,060,814
Interesting but not surprising. I read recently that more employers are now NOT giving raises when people are promoted. Hmmm.
-
Doug Dawes
Topsfield, MA
-
Inna Ivchenko
Encino, CA
-
Allie Angeloni
Oro Valley, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
5,027,904
I'm actually not surprised so many people live on revolving credit.
-
Doug Dawes
Topsfield, MA
-
Allie Angeloni
Oro Valley, AZ
-
Inna Ivchenko
Encino, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
716,032
Good times are back and people are spending. Hopefully they won't be caught short again. I would hope more of us have learned serious lessons from the great recession.
-
Doug Dawes
Topsfield, MA
-
Allie Angeloni
Oro Valley, AZ
-
Inna Ivchenko
Encino, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
5,772,587
Nina,
It seems to me that is the way many live especially the US government...and they just gave themselves a raise this August. A
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Chris Ann Cleland
Gainesville, VA
-
Barbara Todaro
Franklin, MA
-
Michael Jacobs
Pasadena, CA
1,728,256
Many will not survive when that old 'Bubble' bursts again!
-
Doug Dawes
Topsfield, MA
-
Inna Ivchenko
Encino, CA
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
7,864,157
Interesting.
-
Doug Dawes
Topsfield, MA
-
Inna Ivchenko
Encino, CA
-
Bob "RealMan" Timm
Minot, ND
-
Barbara Todaro
Franklin, MA
-
Michael Jacobs
Pasadena, CA
1,386,774
It doesn’t surprise me.
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Inna Ivchenko
Encino, CA
-
Allie Angeloni
Oro Valley, AZ
637,484
One new phenomena is that people are pulling out their credit card now for almost everything rather than having cash on hand. And then I pay it off in a lump sum at the end of the month. Maybe that skews things?
-
Doug Dawes
Topsfield, MA
-
Inna Ivchenko
Encino, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
2,784,716
Credit was first introduced in the fifties and since then it has taken over. Have now pay later is hard to turn down. However, the piper must be paid
-
Doug Dawes
Topsfield, MA
-
Inna Ivchenko
Encino, CA
-
Allie Angeloni
Oro Valley, AZ
-
Bob "RealMan" Timm
Minot, ND
1,201,612
Inna Ivchenko I stay pretty much out of debt BUT I do know consumer credit card debt is over the Moon.
-
John Pusa
Glendale, CA
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
290,969
Since history tends to repeat itself (some learn from it while many do not), from B of A numbers, I don't think it's unusual for spending to be higher than earning. I want it now and I can have it now! Many are not wise enough to either save and wait, or spend less, because they may have to do without a current want, as opposed to a current need Inna Ivchenko.
-
John Pusa
Glendale, CA
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
6,418,440
Thanks for sharing this Inna.
-
Doug Dawes
Topsfield, MA
-
Inna Ivchenko
Encino, CA
-
Bob "RealMan" Timm
Minot, ND
4,434,177
Thank you for sharing
-
Doug Dawes
Topsfield, MA
-
Inna Ivchenko
Encino, CA
-
Bob "RealMan" Timm
Minot, ND
4,901,858
I'd say spot on.
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
3,416,038
Despite the circus of mainstream media and politics, the economy is booming for not just companies, but for the public too
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
1,847,041
Not much. Not sure how it can help/hinder my business. What I do know from other more reliable sources is people are sucking their equity out again this year! Yikes, here we go again.
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
4,319,773
Inna Ivchenko - interesting!
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
1,241,879
too small a time frame to show subtle changes.... Avoid them whenever possible.....
-
John Pusa
Glendale, CA
2,192,058
966,957
1,323,529
Everyone is piling up credit card miles, prizes, rewards and other perks.
-
Bob "RealMan" Timm
Minot, ND
759,485
I blame it on the Millenials putting their Starbucks & Avocado Toast over Fiscal Responsibility... and Student Loans.
-
Bob "RealMan" Timm
Minot, ND
4,800,132
This has been going on for a while, I think.
-
Bob "RealMan" Timm
Minot, ND
5,240,021
Spending more than you make, not surprising!
-
Bob "RealMan" Timm
Minot, ND
1,712,776
Just one of many studies reflecting this.
-
Bob "RealMan" Timm
Minot, ND
1,506,163
I wonder what the demographic of those polled was? I know in general the younger generations tend to spend more for a "fun time" on the weekend.
5,877,855
679,235
It's certainly a dysfunctional cycle: Excessive Credit --> Excessive Spending --> Higher Prices; Rinse and Repeat...
3,986,308
934,302
The good stat is the last one- increasing weekly earnings.
Though increased spending does help stimulate the economy there tends to be a price to pay for consumer credit increases.
902,038
Consumers are earning more, spending more, which is deteriorating their credit. That means they will get to the point, where they can get in trouble if there is any kind of glitch, i.e. loss of a job, illness, just anything. Spells potential trouble ahead.
3,167,714
well if someone buys and finances a house or a car of course their spending is higher than their earnings. And finally we're seeing confidence in major purchases again.
4,961,536
Wow, I hate using credit cards the older I get, and now I have them all paid off.