Americans' daily self-reports of spending increased $5 to an average of
$89 in March. March daily spending was only slightly lower in 2014 and
2015, when it averaged $87 and $86, respectively. Since 2008, averages
for March have generally bested averages for January and February, and
have usually increased again at some point in the spring -- with the
exception of 2012 and 2013.
For each of the past six years, the
spending average for March has been a rough bellwether for that year's
spending, coming within $3 of the annual average. The months of April,
June and October have come within this same range of the yearly averages
since 2010. This did not hold true in March 2008 and March 2009,
however -- years in which the recession and the financial crisis dealt
their immediate blows.
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