Question of the Week 1 minuteFree ReportHow 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: Weekly US and UK Store Openings and Closures Tracker 2023, Week 21: UK Closures Up 59%US, UK, EU & China Quarterly Economic Update, 1Q23: Stronger Economic Indicators Lead to Higher Consumer Spending in the US and UKFebruary 2024 Leading Indicators of US Retail Sales: Easing Inflation Signals Positivity for Retail Sales GrowthAnalyst Corner—Walmart Leads, Amazon Loses Ground in the Online Grocery Market: US Survey Insights with Sujeet Naik