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.

Current Conditions
/
  • Current Events

  • Current EventsMore>>

  • 2018 Winter Olympic Games listings

    2018 Winter Olympic Games listings

    These listings, which are subject to change, offer daily highlights of the XXIII Olympic Winter Games from PyeongChang, South Korea, programming across NBC, NBCSN, CNBC, USA Network, Olympic Channel: Home of Team USA, NBCOlympics.com, and the NBC Sports app.

    More \232a

    These listings, which are subject to change, offer daily highlights of the XXIII Olympic Winter Games from PyeongChang, South Korea, programming across NBC, NBCSN, CNBC, USA Network, Olympic Channel: Home of Team USA, NBCOlympics.com, and the NBC Sports app.

    More \232a
  • Agribusiness Today

    Agribusiness Today

    Get your agribusiness report here!

    More \232a

    Get your agribusiness report here!

    More \232a
  • Web Exclusives

    Web Exclusives

    Here at WAND we strive to bring you the latest coverage on news happening across central Illinois, and this page is a continuation of that effort.More \232a
    Here at WAND we strive to bring you the latest coverage on news happening across central Illinois, and this page is a continuation of that effort.More \232a