Retail Spending Is Up, But Not For Everyone

Retail spending ticked upward in September, growing 1.9 percent from the previous year:

We’re not even close to making up the huge loss in spending from the first few months of the pandemic lockdowns, but we probably never will. However, that downturn produced pent-up demand which is now starting to turn into higher spending levels.

As always, however, this is an average. It shows that on average the economy is doing OK. But as we know from other metrics, this means the middle class and the affluent are spending more while the working poor are spending less. They’re the ones who have suffered most from the pandemic, and they’re the ones who need the most help. That’s why Congress needs to pass a coronavirus assistance bill.

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Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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