Latest Updates

• SCE Household Spending Survey: April 2025 2025-05-19 11:00
  

  The median reported year-over-year increase in monthly nominal household spending edged down to 4.5% in April from 4.6% in December, remaining well above pre-pandemic levels. The decline was driven by those with household incomes under $100,000.

  • The share that reported making a large purchase on electronics, home appliances, furniture, homes, vehicles, and vacations decreased in April, while the share reporting spending on home repairs increased slightly.
  • The median expectation for overall nominal spending growth over the next twelve months increased to 3.3% in April from 3.0% in December. The increase was driven by those with at least some college education and those with annual household incomes over $50,000.
  • The median expected year-ahead growth in everyday essential spending, or daily living expenses related to what one absolutely needs, increased to 4.9% in April from 4.1% in December. The median expected growth in non-essential spending decreased from 1.5% in December to 1.0% in April, the lowest such reading since August 2020.
• SCE Household Spending Survey: December 2024 2025-01-21 11:00
  

  The quarterly NY Fed SCE Household Spending Survey reported that the median change in nominal household spending fell from 5.0% YoY in August to 4.6% YoY in December.

  

  • The median household expects spending to grow 3.0% in the next year, unchanged from the last survey in August. However, the range of responses fell from 1.0% to 7.6% to 0.6% to 6.4%.