Illinois consumer spending recovered quickly after economic downturn

Posted:
CHAMPAIGN - New federal data suggests that just a year after the worst of the Great Recession, Illinois consumers were spending than they were prior to the economic downturn.

The data also shows since that 2009 low, the average Illinois resident's consumer spending has grown faster than the average American consumer.  Spending by Illinois consumers increased by 11.3 percent between 2009 and 2012, compared to the national average of 10.7 percent.

Health care and housing and utilities were the largest expenses for residents, with each costing more than $6,000 per person in Illinois.

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