Consumer spending is still robust, even amid broader concerns about the economy

The video discusses recent consumer spending trends, highlighting gains in auto sales, electronics, and dining. Despite low consumer confidence, spending remains strong, driven by rising wages. The report follows Trump's election, which boosted markets. The holiday season is expected to see high spending, although savings rates are declining.

What sectors showed gains in the latest consumer spending report?

• Auto sales, Electronics, and Restaurants

• Travel, Hospitality, and Agriculture

• Construction, Mining, and Utilities

• Healthcare, Education, and Real Estate

By how much did consumer spending grow from September to October?

• 0.2%

• 0.4%

• 0.6%

• 0.8%

What was the inflation rate decrease over two years?

• From 10.1% to 3.6%

• From 8.1% to 2.6%

• From 9.1% to 2.6%

• From 7.1% to 1.6%

What is the main factor behind the gains in consumer spending according to Mark Matthews?

• Government subsidies

• Increased consumer confidence

• Rising wages

• Lower interest rates

What was the personal savings rate in September?

• 5.6%

• 6.6%

• 3.6%

• 4.6%