20 Countries with the Highest Consumer Spending in the World [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
If you want to skip our overview of how spending today is vastly different from conditions before the coronavirus pandemic, then you can skip ahead to the 5 Countries with the Highest Consumer Spending in the World The United States is a consumer driven economy. Each year, thousands of people wait for holidays like Black Friday to splurge, and retailers stock inventories in anticipation of mega shopping events such as the Holiday Season. As a result, the health of the American economy is tied to how much Americans spend, and in 2024, the environment is starkly different from what existed before the coronavirus pandemic. Before the pandemic struck, credit was relatively easy to score and as a result, spending was as you'd expect it to be. However, in the immediate aftermath of COVID 19, spending in key areas such as accommodation was different in a way that few would have thought would be possible in December 2019. Research from the banking behemoth JPMorgan Chase & Co. (NYSE:JPM)
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- JPMorgan Chase Investor Day 2024Business Wire
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- 5/3/24 - Form 424B2
- JPM's page on the SEC website