American Consumers Keep Spending.
We’re told by the left that folks are dying in the streets. Yes the same folks who survived Biden’s almost 10% inflation can’t make it with 3% inflation. Same folks who paid from $5-10 a gallon for gas can’t make it on $4-8.00 a gallon for gas. So how can that be?
We have this from Breitbart.
Consumer spending rose 0.5 percent from March, the Commerce Department said Thursday. Gasoline and other energy goods were a major driver, rising 5.7 percent for the month. But the gains were not confined to the pump.
Spending excluding food and energy rose 0.4 percent in April. Spending excluding food, energy, and housing climbed 0.3 percent. Services spending excluding energy and housing also rose 0.4 percent, showing that consumers continued to spend across a broad range of categories even as fuel costs took a larger bite out of household budgets.
Spending at restaurants and hotels rose 0.75 percent and spending on recreational services jumped 1.4 percent. Those are highly discretionary categories that would likely see declines if consumers needed to pull back because of high gas prices.
Nuff said.
