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U.S. Consumer Spending Jumps 4.2% In March

Provided By - Video Elephant on April 30, 2021
U.S. consumer spending jumped 4.2 percent last month; encouraging news as the country tries to bounce back from COVID's economic impacts.The Gross Domestic Product which is the total value of goods and services made also increased at an annualized rate of 6.4 percent in the first quarter.This after states rolled back restrictions and the vaccination effort ramped up. Plus, that $1,400 relief check most people got may have incentivized more spending outside of necessities.

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