When stock prices are increasing, American shoppers are more likely to go on shopping sprees - News Report

22/January/2021

According to a report by the JPMorgan Chase Institute, when stocks rise by 10%, consumers on average spend 1% more than they normally would..

“A 10% rise in stock prices is associated with a rise in average spending of just under 1%,” — JPMorgan's Report..

The authors of the report analyzed data from 12 million Chase credit card users from 2012 to March 2020 to observe changes in credit card spending in response to stock market gains over the course of four months... marketwatch.com

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