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- Over time, U.S. consumers have spent relatively more on services than durable and nondurable goods1. The spending share of services increased from 46 percent in 1959 to 67 percent in 2014, while the share of nondurable goods dropped from 40 percent to 22 percent during the same period1. According to the Bureau of Economic Analysis, services spending represents nearly double the amount of spending on goods in the US economy2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The spending share of services increased from 46 percent in 1959 to 67 percent in 2014, while the share of nondurable goods dropped from 40 percent to 22 percent during the same period. In other words, U.S. consumers have spent relatively more on services than durable and nondurable goods over time. 1www.stlouisfed.org/on-the-economy/2015/october/c…The chart below based on data from the Bureau of Economic Analysis illustrates how services spending represents nearly double the amount of spending on goods in the US economy and just how far away we are from the pre-pandemic “normal.”weinpl.us/2022/06/02/goods-vs-services-tale-three …
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