12bet官方 研究所 Reveals that 人 Are 支出 More of Their Savings from the Pump
美国.S. government projects that American households will save on average $700 this year on gasoline, as the price of a gallon of gas has fallen by nearly $1.50 from its peak of $3.70 in April 2014 and is projected to remain low through 2015 (Energy Information Administration). But who feels the biggest increase in spending power? How much of that extra money do consumers spend, and what do they spend it on?
The answers to those questions previously have come from surveys or estimates based on aggregate data and have indicated that less than half of the money saved at the pump was spent. 然而, with the release of this new report by our 12bet官方 研究所, we now know that individuals are spending nearly 80% of that extra money. With lower gas prices expected to last through the year, this extra disposable income is fueling consumer spending on other, 无气体类别.
Drawing from a universe of over 57 million anonymized customers, we constructed a unique data asset comprised of 25 million credit and debit cardholders to shed new light on the effects of gas price decreases on consumer spending. The 12bet官方 研究所 has adopted rigorous security protocols and checks and balances to ensure all customer data are kept confidential and secure.
One of our four major findings was that for every dollar less spent at the gas pump, individuals spent 73 cents on non-gas things and up to 89 cents when considering a more complete view of spending beyond credit and debit card transactions. The evidence suggests that gas price fluctuations indeed have a significant effect on consumer spending.
We discovered that almost 20% of the gas savings were spent at restaurants, and a total of 32% was spent on services. The largest share of savings on gas (33%) was spent on non-durable goods, with 10% spend alone on groceries. Our research also noted that electronics and appliances, entertainment and professional and personal services also saw significant gains in spending. From these findings, we can easily conclude that people are spending more of their savings from the pump than has been recently estimated.
The 12bet官方 研究所 is a think tank dedicated to delivering data-rich analyses and expert insights for the public good. Its aim is to help decision makers–policymakers, 企业, and nonprofit leaders–appreciate the scale, 粒度, 多样性, and interconnectedness of the global economic system and use timely data and thoughtful analysis to make more informed decisions that advance prosperity for all. Drawing on 12bet官方 & Co.’s unique proprietary data, 专业知识, 市场准入, the 研究所 develops analyses and insights on the inner workings of the global economy, frames critical problems, and convenes stakeholders and leading thinkers. For more information visit: JP摩根追逐研究所.com.