Household spending growth inches down in April, stays well above pre-pandemic mark

1 month ago 3
Young Asian women managing home finance using laptop & smartphone. She is working with household utility bill and calculating expenses at home.

Images By Tang Ming Tung

U.S. household spending grew 4.5% Y/Y in April, slightly below the 4.6% increase recorded in December but staying well above pre-pandemic levels of around 2.5%, according to a survey from the Federal Reserve Bank of New York.

The sequential decrease

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