Consumer spending in Maryland rose slowly but steadily in the years after the Great Recession.
The figures come from a report the government released Thursday. For the first time, the report shows consumer spending on a state-by-state basis.
Consumer spending increased about 8 percent from 2009 through 2012, the latest year for which figures are available. The Great Recession officially ended in June 2009.
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4 comments:
The reason spending is up is because since 2008, gasoline has risen over 200% and everything costs more.
plus, government is the number one industry in maryland... those that work for the government are flush.
12:43 Ding Ding Ding... these numbers are flawed. Compare it to the cost of goods/services versus wages/income. I bet the percentage has risen a ton.
I also believe the cost of goods and services and the fact that things eventually break down, and need to be either fixed or if you can possibly afford it, replaced.
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