Consumer Checkpoint

June saw strong 6.3% YoY consumer spending growth, bolstered by the FIFA World Cup and discretionary services. Wage and spending gaps between income cohorts continued to narrow, with lower-income households showing particular resilience.

Key Takeaways

• 1.Consumer spending momentum was very strong in June, with a 6.3% YoY increase in total credit/debit card spending, the strongest growth in over four years.
• 2.The FIFA World Cup 2026™ significantly boosted consumer spending, particularly in the food services and restaurant sectors within host cities.
• 3.Income inequality regarding spending and wages is narrowing; lower-income households experienced faster wage growth than middle-income counterparts in June.

Table of Contents

• Key takeaways
• Consumer spending keeps scoring in June
• Discretionary services and retail spending are still holding up
• World Cup kicks spending into high gear
• The “K” in spending and wage growth continues to narrow
• Wage growth rises further for lower-income households
• Methodology
• Contributors
• Sources
• Disclosures

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