Daily Spending By Income, January 2011-June 2012 [CHART]

Chart - Daily Spending By Income, January 2011-June 2012

Average daily spending in June declined among Americans who earn $90,000 or more, falling 15% to $116, from $136 in May, according to July 2012 figures from Gallup, which tracks spending on a monthly basis. This was the lowest self-reported spending level for upper-income Americans since September 2011 ($108).

By contrast, overall spending across middle- and lower-income level Americans remained fairly flat in June at $60 per day. The overall effect was that US consumers reported spending $70 per day on average in June, down from $73 in May, though similar to June spending levels in 2011 and 2010. These figures are based on Americans’ reports of the total amount they spent “yesterday” in stores, gas stations, restaurants, or online, excluding home and vehicle purchases and normal monthly bills. Read the rest at MarketingCharts.