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Jun 26, 2020

Personal incomes are down … but consumer spending is up?

Consumers spending jumped a record 8.2% in May, but “we’re not even close” to back to normal. Airlines executives are going to the White House today to talk COVID-19 concerns. And, Ibiza’s clubs are shut down for the foreseeable future.

May saw the biggest increase in consumption ever, but we are still down 12% from spending in February. — May saw the biggest increase in consumption ever, but we are still down 12% from spending in February.
Cindy Ord/Getty Images

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Segments From This Episode

Major airline CEOs to arrive at White House Friday for meeting on COVID-19 issues
by Sabri Ben-Achour, Scott Tong and Alex Schroeder
Sandy Huffaker/Getty Images
On the agenda: concerns around checking passengers’ temperatures and contact tracing.
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Spain’s party island faces an uncertain summer
by Jennifer O'Mahony
Andres Iglesias/Getty Images
Ibiza usually welcomes 3 million tourists to its beaches and clubs in summertime. What now with COVID-19 restrictions?
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Music from the episode

The Team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Rose Conlon Producer
Brian Allison Technical Director

Personal incomes are down … but consumer spending is up?