US consumer spending grew by $0.1 trillion in April 2024, yet credit card balances simultaneously reached $1.1 trillion. This data illustrates a market adapting its habits, from widespread coupon use to a $1.1 trillion ecommerce sector.
Key Takeaways
- $12.5 trillion US goods PCE in 2023
- 4.5% year-over-year growth in nominal PCE in March 2024
- US household final consumption expenditure was $17.7 trillion in 2022
- 58% of US consumers say they are using coupons or promo codes more than before
- 41% of consumers say they have increased spending on health and wellness
- In 2023, 39% of US consumers used buy-now-pay-later (BNPL) at least once
- US consumers spent $7.2 billion on Amazon Prime Day (US) in 2022
- $12.1 billion spent on Valentine's Day 2024 in the US
- $13.7 billion expected US spending for Mother’s Day 2024
- $1.1 trillion US retail e-commerce sales were recorded in 2023.
- $3.0 trillion of US consumer spending is represented by services (as share of personal consumption expenditures by category for the services component in 2023).
- 66.0% of consumers said they will buy more from brands that offer rewards programs (2024 survey).
- Consumer confidence in the US (Conference Board) was 114.8 for the month of April 2024 (index, 1985=100).
- US real personal consumption expenditures (PCE) increased by 0.3% in February 2024 (month-over-month, chained dollars).
- US consumer spending rose by $0.1 trillion in April 2024 (personal consumption expenditures, current dollars, month-over-month).
US consumer spending remains steady and growing, with more shoppers using coupons, rewards, and BNPL.
Related reading
01 · Category
Macro Spending7 stats
01
$12.5 trillion US goods PCE in 2023
02
4.5% year-over-year growth in nominal PCE in March 2024
03
US household final consumption expenditure was $17.7 trillion in 2022
04
Household consumption expenditure (current US$) in the US was 67.1% of GDP in 2022
05
UK household final consumption expenditure was £1.5 trillion in 2023
06
Euro area household final consumption expenditure was €5.2 trillion in 2023
07
Japan household final consumption expenditure was ¥58.0 trillion in 2022
Interpretation
Macro Spending Interpretation
Macro spending remains heavily driven by household demand, with US goods and PCE reaching $12.5 trillion in 2023 and nominal PCE growing 4.5% year over year in March 2024, while household consumption in the US totaled $17.7 trillion in 2022 and accounted for 67.1% of GDP that year.
02 · Category
Consumer Priorities2 stats
01
58% of US consumers say they are using coupons or promo codes more than before
02
41% of consumers say they have increased spending on health and wellness
Interpretation
Consumer Priorities Interpretation
Consumer Priorities are shifting toward smarter and healthier choices, with 58% of US consumers using coupons or promo codes more than before and 41% increasing their spending on health and wellness.
03 · Category
Retail Channels1 stats
01
In 2023, 39% of US consumers used buy-now-pay-later (BNPL) at least once
Interpretation
Retail Channels Interpretation
In 2023, 39% of US consumers reported using buy-now-pay-later at least once, underscoring that BNPL has become a meaningful payment option within retail channels.
04 · Category
Spending Outcomes4 stats
01
US consumers spent $7.2 billion on Amazon Prime Day (US) in 2022
02
$12.1 billion spent on Valentine's Day 2024 in the US
03
$13.7 billion expected US spending for Mother’s Day 2024
04
$6.9 billion expected US spending for Father’s Day 2024
Interpretation
Spending Outcomes Interpretation
Spending outcomes in the US show consumers allocating substantial budgets across major retail moments, with 2022 Amazon Prime Day reaching $7.2 billion and 2024 holidays like Valentine’s Day at $12.1 billion, Mother’s Day expected at $13.7 billion, and Father’s Day expected at $6.9 billion.
05 · Category
Online & E Commerce2 stats
01
$1.1 trillion US retail e-commerce sales were recorded in 2023.
02
$3.0 trillion of US consumer spending is represented by services (as share of personal consumption expenditures by category for the services component in 2023).
Interpretation
Online & E Commerce Interpretation
In 2023, US retail e commerce sales reached $1.1 trillion, highlighting how online shopping is already a major channel of consumer spending even as services account for $3.0 trillion of total personal consumption.
More related reading
06 · Category
Consumer Sentiment2 stats
01
66.0% of consumers said they will buy more from brands that offer rewards programs (2024 survey).
02
Consumer confidence in the US (Conference Board) was 114.8 for the month of April 2024 (index, 1985=100).
Interpretation
Consumer Sentiment Interpretation
In consumer sentiment, 66.0% of consumers in a 2024 survey said they will buy more from brands that offer rewards programs, suggesting that confidence and optimism are closely tied to tangible benefits for shoppers, alongside a US consumer confidence level of 114.8 in April 2024.
07 · Category
Macro Consumption2 stats
01
US real personal consumption expenditures (PCE) increased by 0.3% in February 2024 (month-over-month, chained dollars).
02
US consumer spending rose by $0.1 trillion in April 2024 (personal consumption expenditures, current dollars, month-over-month).
Interpretation
Macro Consumption Interpretation
Under the Macro Consumption lens, US consumer demand looks steady rather than accelerating with real PCE up just 0.3% month over month in February 2024 and personal consumption expenditures rising a comparatively modest $0.1 trillion in April 2024.
08 · Category
Category Spending1 stats
01
$0.8 trillion US consumer spending on healthcare services was recorded in 2022 (consumer spending component of national health expenditures).
Interpretation
Category Spending Interpretation
In 2022, consumers spent $0.8 trillion on healthcare services, showing how healthcare is a major and sustained driver of category spending.
09 · Category
Spending Risks4 stats
01
4.0% average annual growth in US consumer spending on durable goods is forecast for 2024–2028 (2024 outlook).
02
Credit card balances in the US were $1.1 trillion in Q1 2024 (Federal Reserve Bank of New York household debt and credit indicators).
03
US personal savings rate was 4.1% in May 2024.
04
US credit card charge-off rate was 4.5% in Q1 2024 (seasonally adjusted annual rate).
Interpretation
Spending Risks Interpretation
Spending risks look elevated as US durable goods spending is projected to grow only 4.0% annually through 2028 while household leverage remains high with credit card balances at $1.1 trillion in Q1 2024 and stress indicators such as a 4.5% Q1 2024 credit card charge-off rate and a low 4.1% savings rate in May 2024 suggest consumers may have less buffer going forward.
report visual · Comparison
Consumer spending trend indicators (US)
Recent US consumer spending is showing modest month-to-month movement alongside steady year-over-year growth in nominal PCE.
4.5% year-over-year growth in nominal PCE in March 20244.5%
US real personal consumption expenditures (PCE) increased by 0.3% in February 2024 (month-over-month, chained dollars).0.3%
US consumer spending rose by $0.1 trillion in April 2024 (personal consumption expenditures, current dollars, month-over$0.1
source-verifiedbea.gov2024
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Elena Vasquez. (2026, February 13). Consumer Spending Statistics. Gitnux. https://gitnux.org/consumer-spending-statistics
MLA
Elena Vasquez. "Consumer Spending Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/consumer-spending-statistics.
Chicago
Elena Vasquez. 2026. "Consumer Spending Statistics." Gitnux. https://gitnux.org/consumer-spending-statistics.
Sources & references
25 datasets cited across this report · attribution is report-level
+7 additional datasets cited (not shown individually)