Study: American spending increasing - WALB.com, South Georgia News, Weather, Sports

Study: American spending increasing

ALBANY, GA (WALB) -

Many of you apparently are feeling better about your finances.

A new study by Intuit shows the average American household is spending 9% more now than they did four years ago.

The restaurant industry is making one of the biggest comebacks.

The study shows people under age 36 are spending 40% more on dining out now than in 2009.

One Albany restaurant owner says she is seeing business pick up a lot.

"I've kept my prices the same and I think my customers know for a fact that against all odds, I held that price and know they're coming back as sort of an appreciation form and they're there," said BJ's Country Buffet owner BJ Fletcher.

Not all of the extra spending is voluntary.

The study points out that higher gas prices led to the average household spending twice as much on gas as they did four years ago.

 

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