After falling for the prior six months, GDP rebounded in the most recent quarter increasing 2.9%. This strength is largely attributable to consumer spending which represents 68% of the overall economy. Despite high rates of inflation, higher mortgage rates, and a drop in...
Insights and Ideas
Diversified Trust shares our knowledge on wealth strategies, investing, current financial news and trends.
Subscribe to receive new posts
- Tag: consumer spending
The following chart provides a breakdown of consumer spending by category for 2019. Spending patterns changed significantly during the pandemic due to the lack of accessibility to many types of services, but this depiction is probably fairly representative of our post-pandemic behavior. (This...
The pandemic has provided us with a powerful reminder that unpredictable human behavior makes it very difficult to forecast the economy. You may recall that during the economic contraction associated with the lockdown, there were a variety of forecasts as to the trajectory...