Increased consumer spending refers to higher levels of purchasing goods and services by individuals or households. It signifies a rise in consumer confidence, disposable income, and overall economic activity.
Related terms
Disposable Income: The amount of money individuals have available after paying taxes; it can be spent on goods or saved.
Consumer Confidence: A measure indicating how optimistic or pessimistic consumers are regarding their personal financial situation and the overall state of the economy.
Retail Sales: The purchases made by consumers in stores or online for personal use rather than for resale purposes.