Journal Article

Uneven Consumption Growth in the COVID-19 Economic Recovery

Abstract: Are richer households driving the boom in post-pandemic consumption? It may be the case in the U.S., as consumption growth is faster in goods and services with higher income elasticity.

Keywords: COVID-19; consumption growth; income elasticity; economic recovery;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2024-06-28

Issue: 13

Pages: 3 pages