Consumer spending grew broadly but unevenly across the U.S. last year, driven largely by housing and utilities, health care, and other services.
Wall Street Journal staffer Jeffrey Sparshott taps new Commerce Department data on personal expenditures, by household category, and by state geography, for a look at how local economics impacts consumer outlays. Sparshott writes:
The figures help confirm the uneasy sense that outlays on essentials–such as housing–are at least partly squeezing out some discretionary spending. The Commerce Department said housing and utilities and health care accounted for almost one-third of the rise in consumer spending nationwide in 2014.