Consumers are spending more in 2020 than they did in 2019, says Bank of America CEO

[NewsFeeder]

Consumers are spending more in 2020 than they did in 2019, says Bank of America CEO

Moynihan's commentary is the latest indication that many Americans are showing a surprising financial resilience.

More @ CNBC...

 

[Bullitt]

Wealth effect. Must all be bitcoin and tesla millionaires.

But on a serious note, less money spent on gasoline, travel, child care, dining out = more expendable cash to spend on home improvement.