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: NRF 2025: Retail’s Big Show: Day Three—AI Takes Center Stage on the Final Day of NRFThree Data Points We’re Watching This Week, Week 14: What US Consumers Think About TariffsInnovator Profile: Shopeaks—Transforming Social Media Monetization with Personalized StorefrontsEarnings Insights 4Q24, Week 1: Levi Strauss, P&G, Walgreens and Others Post Sales Growth, While Burberry and Kimberly-Clark Report Declines