U.S. Discretionary Spending and Recessions Because there are few imbalances, Deutsche Bank suggests that the U.S. expansion could continue for many more years. Note: discreationary spending defined as consumer durable goods, plus business capex, plus residential investment (i.e. PCE durables + gross private domestic investment). Image: Deutsche Bank Global Research
U.S. Federal Budget Spending The U.S. federal budget spending is projected to rise in the future. Image: Societe Generale Cross Asset Research
Consumer Spending Contribution to U.S. GDP Consumer spending, which accounts for about 70% of the U.S. economy, is driving GDP growth solo. Image: Oxford Economics
U.S. Consumer Spending, Business Investment and U.S. GDP Right now, consumer spending is the driving force behind the U.S. economy. Image: Financial Times
Total Annual Health Care Spending Per U.S. Family Headlines say there’s no inflation, but U.S. health care costs have skyrocketed. The annual health care cost for U.S. families is $23,000 vs. $10,000 in 2003. Image: Deutsche Bank Global Research
U.S. Consumer Spending and Nonfarm Payroll Growth U.S. consumers may spend less going forward. Slower job growth usually leads to a slowdown in consumer spending. Image: BofA Merrill Lynch Global Research
S&P 500 Cash Spending According to Goldman Sachs, cash spending by S&P 500 companies is likely to fall by 6% in 2019, the largest year-over-year decline since 2009. Image: Goldman Sachs Global Investment Research
University of Michigan Consumer Expectations Index and Real Consumer Spending This chart shows the correlation between consumer expectations and real consumer spending, and suggests real consumer spending growth of around 2.5-3%. Image: ING
A Breakdown of the Average American Spending Consumer spending drives 68% of the U.S. economy and affects U.S. GDP. Image: howmuch.net
S&P 500 Earnings and U.S. Capital Spending This chart shows that U.S. core capital spending is near a 20-year high. Are fears that U.S. companies may be curtailing spending plans overblown? The absence of dividend cuts also suggests that U.S. companies are confident in their future earnings potential. Image: The Leuthold Group