Upper-Income Consumers’ Daily Discretionary Spending Trends

Source: Gallup

Notes: Daily self-reported spending on purchases other than home, vehicle or monthly bills (in other words, a proxy for discretionary spending) has been much more volatile this year among upper-income (household income of $90k+) consumers than middle- and lower-income Americans. After reaching a high of $190 in July, daily spending by upper-income Americans has fallen considerably; while declines between August and September are typical, upper-income respondents spent less this September ($140) than last ($146). (more…)