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.”
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.
Leverage consumer confidence for growth.
Themes
Mood
Type
When to use this quote
- retail planning
- energy policy
- income analysis
- financial planning
Key Concepts
Questions to Reflect On
- How will rising energy costs affect spending?
- What sectors benefit most from increased consumer confidence?
Reliance on energy prices can be risky.