Where Did Americans Spend Their Money Essay Example | Topics and Well Written Essays - 250 words - 1

Where Did Americans Spend Their Money - Essay ExampleAccording to the research findings, it can, therefore, be said that in his findings, Sparshott reveals that restaurants and retailers witnessed a sales airlift of 1.2 percent in June compared to the previous month. The big vehicle sales also helped boost the level of economic growth. Dealers of motor vehicles and spare parts indicated that they witnessed a 2 percent rise in June compared to May. Even with the elimination of auto sales, gains were broad-based, as they still reflected a 1 percent growth. Furthermore, the cheap prices of gasoline have provided Americans with a windfall, although in new-fangled months they are more motivated to saving rather than spending. In May, however, gasoline stations witnessed their ultimate leap since 2012, although Americans ignored the move. They directed their earnings to gardening and construct materials, non-store retailers, and clothing stores. Thus, based on the growth in sales in the recent months, the researcher has realized that Sparshott has effectively shown the way the American economy is slip from the harsh weather witnessed during the first quarter of the year. This is because the present figures are revealing strong growth in payroll real income. This way, the author hopes the country volition be able to reverse the contraction it witnessed during the first quarter of 2015.