More than trillion flows from consumers every year which fuels roughly of the U S economy The average household spent about in up from the prior year With incomes rising faster than prices many people saw real buying power improve last year This section gives a clear data-driven read on how your daily spending choices ripple through the market and shape jobs prices and confidence Housing made up and transportation of average outlays Those big buckets help you benchmark your own household mix against national norms Key Takeaways Consumer spending is the main driver of U S economic activity The average shows how people allocate funds across needs and wants Housing and transportation dominate household budgets compare your mix Income growth outpaced price increases in easing some cost pressures Market shifts like subscriptions and mobile payments are changing behavior Why Your Spending Choices Matter to a Consumer-Driven Economy Every purchase big or small feeds a massive engine of jobs and revenue across the country Your split between essentials and extras shapes how firms plan hire and price goods and services When many households shift the same way the market responds quickly https youtu be - vsj p Nw si Kia bWHIqino Pcj Nondiscretionary vs discretionary how you split necessities and wants Map your household budget across nondiscretionary necessities food medicine housing clothing and discretionary items This split shows how flexible your monthly finances are and where shocks may bite first What T in consumption means for growth jobs and the... Login to read full