Verified by #RetailSales
Bank of America credit and debit card spending per household rose 5.1% year-over-year (YoY) in January
Bank of America credit and debit card spending per household rose 5.1% year-over-year (YoY) in January
In 2021 the bottom income group spent 38% of their total expenditure on food and shelter combined
deposits remain above 2019 levels
For households with income of less than <$150k, the spending-tosavings ratio as of December 2022 remained lower than that of 2019
Credit Card utilization rates have edged higher but remain below pre-pandemic levels
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