Consumer Spending Is OK, Not Great

According to the Wall Street Journal, in the second quarter “American consumers spent at the strongest pace since late 2014.” Is that true?

Sure, if you look at Q2 compared to Q1. But why would you? A better measure is simple year-over-year growth, and that shows nothing special at all:

Consumer spending growth is holding steady, which is good news. But it certainly isn’t setting any records.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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