Weekly Spending Update

Latest edition · July 2, 2026

BofA on USA Weekly spending update through Jun 27

Bank of America's latest weekly spending report indicates a 7.0% year-over-year increase in household card spending for the week ending June 27, 2026. The data highlights significant growth in online retail and electronics, partially attributed to Prime Day promotional timing.

Household card spending growth remained robust in the week ending June 27, 2026, with a 7.0% y/y increase per household. While sectors like online retail and electronics showed strong gains tied to Prime Day promotions, other spending categories faced slowdowns linked to shifting calendar effects surrounding the Juneteenth holiday. Bank of America notes that gas spending continues to show patterns related to falling gas prices, and the spending gap between higher- and lower-income households has narrowed.

Key takeaways from the latest edition

• 1.Total card spending per household increased 7.0% y/y in the week ending Jun 27.
• 2.Online retail and electronics saw a boost likely driven by Amazon Prime Day promotions.
• 3.Other consumer categories experienced a sharp slowdown potentially due to post-Juneteenth weekend timing shifts.

What this series covers

• Key takeaways
• Exhibit 1: Total card spending growth per HH remained strong in the week ending Jun 27
• Exhibit 2: Ex-gas spending picked up in the week ending Jun 27, as gas prices continued to decrease
• Exhibit 3: The gap in total card ex-gas spending between higher- and lower-income households has narrowed in recent weeks
• Disclaimer
• Methodology explained
• Important Disclosures
• Other Important Disclosures
• Research Analysts

Edition archive

• BofA on USA Weekly spending update through Jun 27

  July 2, 2026

• BofA BofA on USA Weekly spending update through Jun 20

  June 25, 2026

• BofA on USA Weekly spending update through Jun 13

  June 18, 2026

• BofA on USA Weekly spending update through Jun 6

  June 11, 2026

• BofA on USA Weekly spending update through May 16

  May 21, 2026