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Energy Quote by Janet Yellen

“Household spending growth has been particularly solid in 2015, with purchases of new motor vehicles especially strong. Job growth has bolstered household income, and lower energy prices have left consumers with more to spend on other goods and services.” quote by Janet Yellen
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“Household spending growth has been particularly solid in 2015, with purchases of new motor vehicles especially strong. Job growth has bolstered household income, and lower energy prices have left consumers with more to spend on other goods and services.”

Janet Yellen

About This Quote

Source Report: Economic Outlook, United States, 2015

Household spending rose strongly, driven by vehicle purchases, job growth, and lower energy costs, freeing money for other goods.

In simple terms: Spending up thanks to jobs and cheap energy.

Key Takeaway

Leverage consumer confidence for growth.

Themes

economy consumer behavior energy

Mood

analytical cautious

Type

economic forecasting

When to use this quote

  • retail planning
  • energy policy
  • income analysis
  • financial planning

Key Concepts

macroeconomics market trends

Questions to Reflect On

  • How will rising energy costs affect spending?
  • What sectors benefit most from increased consumer confidence?
A Different Perspective

Reliance on energy prices can be risky.

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