Meaning Consumer spending
What does Consumer spending mean? Here you find 2 meanings of the word Consumer spending. You can also add a definition of Consumer spending yourself
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Consumer spendingPurchase of goods and services by U.S. individuals, accounting for about 2/3 of the GDP
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Consumer spendingSpending by households on goods and services. Consumer spending is classified into four broad categories: (1) durable goods (e.g., cars and furniture) (2) semi-durable goods (e.g., clothing) (3) non-durable goods (e.g., food) and (4) services (e.g., taxis and lawyers).
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