Federal Reserve Bank of St. Louis: Uneven Consumption Growth in COVID-19 Economic Recovery
June 29, 2024
June 29, 2024
ST. LOUIS, Missouri, June 29 -- The Federal Reserve Bank of St. Louis issued the following article on June 28, 2024, by Juan M. Sanchez, senior economic policy advisor, and Masataka Mori:
* * *
This essay examines consumption growth during the COVID-19 economic recovery, with particular attention on how spending patterns vary across income distribution in the U.S. We use monthly personal consumption expenditures data from the Bureau of Economic Analysis and income elast . . .
* * *
This essay examines consumption growth during the COVID-19 economic recovery, with particular attention on how spending patterns vary across income distribution in the U.S. We use monthly personal consumption expenditures data from the Bureau of Economic Analysis and income elast . . .