Question of the WeekHow Has US Discretionary Consumer Spending Shifted This Year? Coresight Research October 26, 2020 QUESTION OF THE WEEK: How Has US Discretionary Consumer Spending Shifted This Year? We estimate that US consumers spent a total of $417 billion less across 17 major discretionary goods and services categories in the first eight months of 2020 than they did in the same period of 2019. Some discretionary categories, such as media products and sports goods, have gained from the Covid-19 crisis, but these gains have been outweighed by substantial declines in a number of service categories and in clothing and footwear. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week, Week 20: Cross-Border Players Don’t Prevent Amazon Reaching New Highs in ApparelConsumer Sentiment Shows Signs of Improvement Amid Temporary Tariff Reduction: China Consumer Survey InsightsHigher- and Lower-Income Consumers Drive Financial Optimism to Four-Month High: US Consumer Survey InsightsFive Ways Brands and Retailers Can Use AI/ML and Shared Data to Energize End-to-End Product Management
