Self-Reported US Consumer Spending Hits 9-Year High in July at $109 - Poll

According to a new poll by the Gallup, US consumer spending hit a nine-year high in July at $109.

WASHINGTON (Sputnik) – US consumer spending hit a nine-year high in July at $109, the sixth consecutive month in which spending has averaged $100 or more, according to a new poll by the Gallup organization on Monday.

"With six consecutive months of average daily spending at or above $100, Americans' spending levels are back to where they were before the global financial crisis in 2008, and the latest figure is the second-highest average in nearly a decade of Gallup's tracking," a press release accompanying the poll stated.

Gallup asks Americans each night to report how much they spent the previous day, excluding spending on normal household bills and major purchases such as a home or car, the report explained.

The report also showed elevated spending levels are stable among both higher- and lower-earning Americans.