U.S. Consumer's Party Like It's 1999: The Story Behind the Rise in Spending

Former Global Chief Economist for JPMorgan Chase & Ph.D. in Economics

Jun 04, 2023

∙ Paid

Prince once told us, “Tonight, I’m gonna party like it’s 1999.” That song was released on September 24, 1982. Nearly four decades later, U.S. consumers appear to be taking that message to heart! After some economic challenges, U.S. consumer spending seems to be exhibiting signs of a temporary revival. This resurgence can be attributed to various fac…

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