Consumer spending

Consumer spending is the total money spent on final goods and services by individuals and households for personal use and enjoyment in an economy. Contemporary measures of consumer spending include all private purchases of durable goods, nondurable goods, and services. Consumer spending can be regarded as complementary to personal saving, investment spending, and production in an economy—Read more at Investopedia. Chappelow, Jim. “Consumer Spending.” 12 July 2018.