Finance 411: How to report on consumer markers in the U.S. economy

The Consumer Market dominates the U.S. economy. Roughly 70 percent of U.S. gross domestic product (GDP) is generated by consumer spending. So, it’s important for reporters covering the economy to have a good sense of how the American consumer is feeling and behaving.

So, who does have a sense? Apart from the consumers themselves, of course.

We can start with the government. It isn’t interested in how we feel. But it cares a lot about what we do. Because what we do governs the trajectory of the economy. So the government pays close attention to what we do when it comes to consumer spending.

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