Chart 1. Consumer Spending and Real Income Dipped Only Briefly During the Recent Recession
| | Year-Over-Year Change |
| |
Real Consumer Spending
|
Real Disposable Income
|
| 1978 |
2.64% |
3.94% |
| |
3.59% |
5.55% |
| |
4.54% |
5.12% |
| |
5.01% |
5.75% |
| |
5.18% |
5.72% |
| |
5.62% |
5.33% |
| |
4.33% |
5.19% |
| |
5.30% |
5.21% |
| |
4.78% |
4.85% |
| |
4.10% |
4.64% |
| |
3.84% |
4.12% |
| |
4.26% |
4.24% |
| 1979 |
5.13% |
4.96% |
| |
4.17% |
4.51% |
| |
3.25% |
3.90% |
| |
2.04% |
2.76% |
| |
1.81% |
2.70% |
| |
1.64% |
2.57% |
| |
1.98% |
2.62% |
| |
2.16% |
2.31% |
| |
2.61% |
1.91% |
| |
2.16% |
2.09% |
| |
2.11% |
2.17% |
| |
1.22% |
2.03% |
| 1980 |
2.32% |
2.49% |
| |
0.91% |
1.75% |
| |
-0.04% |
0.55% |
| |
-0.71% |
0.43% |
| |
-1.42% |
-0.11% |
| |
-1.18% |
0.10% |
| |
-0.24% |
0.16% |
| |
-1.24% |
-0.02% |
| |
-1.56% |
0.57% |
| |
-0.11% |
1.12% |
| |
-0.72% |
1.16% |
| |
0.24% |
1.49% |
| 1981 |
-0.49% |
0.58% |
| |
0.16% |
0.70% |
| |
1.33% |
1.59% |
| |
2.28% |
1.74% |
| |
2.85% |
2.42% |
| |
3.10% |
2.85% |
| |
2.03% |
3.80% |
| |
2.57% |
4.15% |
| |
1.94% |
3.55% |
| |
0.20% |
2.67% |
| |
0.24% |
2.14% |
| |
0.10% |
1.15% |
| 1982 |
-0.22% |
1.15% |
| |
0.86% |
1.69% |
| |
0.41% |
1.68% |
| |
0.80% |
3.26% |
| |
1.06% |
2.84% |
| |
-0.19% |
1.60% |
| |
0.61% |
0.81% |
| |
0.03% |
0.43% |
| |
1.60% |
0.55% |
| |
2.58% |
0.28% |
| |
3.65% |
0.74% |
| |
3.49% |
1.30% |
| 1983 |
3.79% |
1.60% |
| |
2.84% |
1.49% |
| |
4.08% |
1.83% |
| |
4.70% |
1.02% |
| |
5.02% |
1.71% |
| |
6.58% |
2.53% |
| |
6.59% |
3.21% |
| |
6.69% |
3.01% |
| |
5.97% |
3.98% |
| |
6.46% |
4.84% |
| |
5.94% |
5.24% |
| |
6.75% |
5.97% |
| 1984 |
7.57% |
6.46% |
| |
6.16% |
7.27% |
| |
5.89% |
7.55% |
| |
5.88% |
8.30% |
| |
5.85% |
8.12% |
| |
5.60% |
8.82% |
| |
4.49% |
7.71% |
| |
4.76% |
8.83% |
| |
5.28% |
8.67% |
| |
4.07% |
7.06% |
| |
5.26% |
6.88% |
| |
4.11% |
6.70% |
| 1985 |
4.07% |
6.16% |
| |
5.90% |
4.35% |
| |
4.88% |
3.02% |
| |
4.51% |
4.05% |
| |
5.12% |
6.21% |
| |
3.87% |
3.11% |
| |
5.03% |
2.77% |
| |
5.61% |
2.05% |
| |
6.38% |
1.39% |
| |
5.10% |
2.88% |
| |
3.94% |
2.14% |
| |
5.02% |
2.14% |
| 1986 |
4.28% |
2.08% |
| |
3.65% |
3.62% |
| |
4.14% |
5.30% |
| |
4.48% |
3.54% |
| |
3.89% |
1.29% |
| |
4.21% |
3.49% |
| |
4.20% |
3.70% |
| |
3.69% |
3.72% |
| |
4.45% |
3.72% |
| |
4.52% |
2.74% |
| |
3.86% |
2.85% |
| |
4.97% |
2.35% |
| 1987 |
2.34% |
2.82% |
| |
4.43% |
2.81% |
| |
4.12% |
1.96% |
| |
3.98% |
-2.14% |
| |
3.42% |
1.82% |
| |
4.08% |
1.86% |
| |
3.88% |
1.83% |
| |
4.20% |
2.19% |
| |
1.46% |
2.14% |
| |
2.90% |
3.03% |
| |
3.30% |
3.37% |
| |
1.87% |
3.93% |
| 1988 |
5.31% |
3.60% |
| |
3.53% |
3.59% |
| |
4.38% |
3.81% |
| |
3.45% |
8.05% |
| |
4.03% |
4.00% |
| |
3.87% |
4.43% |
| |
3.63% |
4.48% |
| |
3.31% |
4.24% |
| |
3.52% |
4.39% |
| |
4.46% |
4.22% |
| |
4.61% |
4.10% |
| |
4.37% |
4.04% |
| 1989 |
3.57% |
4.09% |
| |
3.28% |
3.65% |
| |
2.32% |
3.65% |
| |
3.32% |
3.18% |
| |
2.57% |
2.60% |
| |
2.43% |
2.56% |
| |
2.47% |
2.22% |
| |
3.00% |
2.18% |
| |
3.05% |
1.90% |
| |
2.09% |
1.54% |
| |
1.89% |
1.95% |
| |
2.10% |
1.30% |
| 1990 |
2.57% |
1.96% |
| |
2.25% |
2.24% |
| |
2.67% |
1.80% |
| |
2.30% |
2.74% |
| |
2.33% |
2.86% |
| |
2.51% |
2.71% |
| |
2.43% |
3.03% |
| |
1.48% |
2.40% |
| |
1.68% |
2.53% |
| |
1.09% |
1.69% |
| |
0.98% |
1.12% |
| |
-0.15% |
1.27% |
| 1991 |
-1.54% |
0.04% |
| |
-0.55% |
-0.19% |
| |
0.19% |
0.03% |
| |
-0.31% |
-0.16% |
| |
0.03% |
0.11% |
| |
-0.31% |
0.46% |
| |
-0.10% |
-0.13% |
| |
-0.34% |
0.38% |
| |
-0.32% |
0.51% |
| |
-0.11% |
0.96% |
| |
0.43% |
1.03% |
| |
0.83% |
1.49% |
| 1992 |
3.07% |
2.65% |
| |
2.56% |
2.92% |
| |
1.63% |
2.78% |
| |
1.94% |
2.71% |
| |
2.17% |
3.02% |
| |
2.38% |
2.56% |
| |
2.28% |
2.60% |
| |
2.12% |
2.44% |
| |
3.38% |
2.62% |
| |
4.22% |
3.47% |
| |
3.97% |
3.50% |
| |
4.62% |
5.93% |
| 1993 |
3.01% |
1.29% |
| |
3.19% |
0.79% |
| |
2.39% |
0.39% |
| |
3.51% |
1.78% |
| |
3.12% |
1.69% |
| |
3.54% |
1.53% |
| |
3.73% |
1.62% |
| |
4.30% |
2.08% |
| |
3.47% |
1.67% |
| |
3.40% |
1.19% |
| |
3.47% |
1.33% |
| |
3.19% |
1.31% |
| 1994 |
3.00% |
1.09% |
| |
4.26% |
2.35% |
| |
5.04% |
3.05% |
| |
4.00% |
1.51% |
| |
4.03% |
2.75% |
| |
3.80% |
2.72% |
| |
3.26% |
2.84% |
| |
3.78% |
2.69% |
| |
3.49% |
3.26% |
| |
3.68% |
4.00% |
| |
3.62% |
3.72% |
| |
3.36% |
1.05% |
| 1995 |
4.12% |
5.15% |
| |
2.20% |
3.88% |
| |
2.63% |
3.57% |
| |
2.46% |
2.63% |
| |
3.20% |
2.08% |
| |
3.61% |
2.42% |
| |
3.18% |
2.48% |
| |
3.32% |
2.32% |
| |
2.88% |
2.15% |
| |
2.22% |
1.50% |
| |
2.80% |
1.85% |
| |
3.30% |
1.67% |
| 1996 |
2.56% |
1.42% |
| |
3.83% |
2.10% |
| |
3.35% |
2.29% |
| |
4.11% |
2.24% |
| |
3.39% |
2.54% |
| |
2.59% |
2.86% |
| |
3.17% |
2.76% |
| |
2.79% |
3.04% |
| |
3.16% |
3.01% |
| |
3.61% |
2.62% |
| |
2.94% |
2.51% |
| |
2.79% |
2.63% |
| 1997 |
3.80% |
2.90% |
| |
3.17% |
2.45% |
| |
3.25% |
2.65% |
| |
2.74% |
3.72% |
| |
2.47% |
2.84% |
| |
3.17% |
2.58% |
| |
4.14% |
2.83% |
| |
3.87% |
3.00% |
| |
3.85% |
2.97% |
| |
3.89% |
3.59% |
| |
4.17% |
3.88% |
| |
4.15% |
3.92% |
| 1998 |
3.66% |
4.58% |
| |
4.32% |
5.14% |
| |
4.67% |
5.49% |
| |
4.62% |
5.62% |
| |
5.78% |
5.68% |
| |
5.48% |
5.84% |
| |
4.32% |
5.81% |
| |
4.52% |
5.58% |
| |
4.99% |
5.59% |
| |
5.01% |
5.33% |
| |
4.92% |
5.06% |
| |
5.19% |
4.70% |
| 1999 |
4.94% |
4.28% |
| |
4.83% |
3.67% |
| |
5.03% |
3.13% |
| |
5.37% |
2.57% |
| |
4.39% |
2.38% |
| |
4.69% |
2.23% |
| |
5.12% |
1.93% |
| |
5.11% |
2.20% |
| |
4.80% |
1.43% |
| |
4.84% |
2.00% |
| |
4.74% |
2.36% |
| |
5.40% |
2.98% |
| 2000 |
5.22% |
3.69% |
| |
5.26% |
3.84% |
| |
4.92% |
4.01% |
| |
4.43% |
4.61% |
| |
4.70% |
5.04% |
| |
4.29% |
4.95% |
| |
4.15% |
5.54% |
| |
4.06% |
5.29% |
| |
4.62% |
5.87% |
| |
3.98% |
5.36% |
| |
3.72% |
4.75% |
| |
2.94% |
4.28% |
| 2001 |
3.56% |
3.00% |
| |
2.71% |
2.62% |
| |
2.23% |
2.38% |
| |
2.51% |
2.03% |
| |
2.46% |
1.05% |
| |
2.29% |
0.88% |
| |
2.32% |
2.02% |
| |
2.31% |
3.51% |
| |
0.85% |
2.88% |
| |
3.08% |
0.09% |
| |
2.78% |
0.24% |
| |
2.50% |
0.70% |
| 2002 |
2.45% |
3.51% |
| |
3.16% |
3.99% |
| |
3.30% |
3.99% |
| |
3.13% |
4.09% |
| |
2.92% |
5.05% |
| |
3.14% |
5.75% |
| |
3.86% |
3.72% |
| |
3.65% |
2.02% |
| |
3.74% |
2.75% |
| |
1.93% |
5.29% |
| |
2.71% |
5.37% |
| |
3.43% |
5.09% |
| 2003 |
2.97% |
2.77% |
| |
1.90% |
2.19% |
| |
2.37% |
1.87% |
| |
2.55% |
2.25% |
| |
3.08% |
2.16% |
| |
3.13% |
1.61% |
| |
2.75% |
3.27% |
Source: Bureau of Economic Analysis/Haver Analytics