Consumer spending, the key to the American economy, and by extension the global economy, is one of the most watched activities in the world, but results may vary, as they say, depending on who is doing the counting and what they’re counting.
The Gallup Daily tracking survey is one of those measures. The poll, based on telephone interviews of over 15,000 adults aged 18 and older each month, asks consumers the total amount they spent “yesterday,” not counting normal monthly bills and the purchase of a home or a vehicle. It’s Gallup’s measure of discretionary spending. And the results for August weren’t exactly what everyone had hoped for. Continue reading “Consumer Spending in August Drops below a Year Ago – Gallup”