FX.co ★ U.S. Real Consumer Spending Slows Slightly in Q4 2024, Latest Data Shows

In the final months of 2024, the United States experienced a modest deceleration in real consumer spending, according to data updated on March 27, 2025. The latest figures indicate that consumer spending rose by 4.0% in the fourth quarter, down slightly from a 4.2% increase in the same period the previous year.

The slowdown comes amidst a backdrop of economic adjustments as consumers re-evaluate their expenditures following the disruptions of recent years. While still robust, the tempered pace suggests a cautious optimism among American consumers as they navigate economic uncertainties.

Economists will be closely monitoring these trends to assess the sustainability of consumer spending as a driving force of economic growth. With the fourth quarter marking a pivotal time for holiday sales, the slight reduction from last year's indicator may signal shifting spending habits or the impact of broader economic influences on disposable incomes. Analysts will be keen to determine whether this trend will continue into 2025, potentially influencing policy decisions and business strategies nationwide.