consumer spending

Personal Income & Outlays for March 2010

Personal Income and Outlays for March 2010 was released today. Once again, Americans' spending is increasing more than their incomes. Even more interesting, the increase in unemployment insurance benefit payouts equaled the increase in wages and salaries from private industries, $11.8 billion, at a seasonally adjusted annual rate. The total government transfer payments was over 66% of the personal income growth for March.

Personal income increased $36.0 billion, or 0.3 percent, and disposable personal income (DPI) increased $32.3 billion, or 0.3 percent. Personal consumption expenditures (PCE) increased $58.6 billion, or 0.6 percent.


Black Friday Sales Numbers - 0.5% increase from 2008, due to increase in total shoppers

More shoppers, less sales per shopper. Total sales were up 0.5% from 2008.

The totals, from BIGresearch polling, are $41.2 billion. Last year was $40 billion. This is because there were more shoppers.

The average haul per shopper was $343.31. Last year per shopper was $372.57. This includes online sales.

This statistic, 31.2% of all shoppers were in line at 5am to me is telling. Only people who really need to save that extra $100 will get up in the middle of the night to stand out in the cold.

Since many online only retailers seemed to run their specials during Black Friday, it's unclear how low they can go for CyberMonday tomorrow.

Those expecting the holiday season to kick start American consumerism will assuredly be disappointed. No job. No sales, that's the bottom line.