Your Money Minute Spending More, Getting Less 11/25/25
Nov 25, 2025
Liz Everett-Crisburg, a consumer analyst at the Bank of America Institute, reveals startling trends in consumer spending. She discusses how Americans are spending more but getting less, driven largely by inflation and rising prices. Liz emphasizes that many are compelled to spend out of necessity rather than desire, reflecting the impact of economic pressures on everyday life. Her insights highlight the complexities of modern consumer behavior and the challenging landscape of financial decision-making.
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Spending Up, Getting Less
- Americans are spending more but receiving less value due to rising prices and inflation.
- Bank of America data shows transactions rising while the quantity or value received per dollar falls.
Large-Scale Consumer Checkpoint Data
- Bank of America's consumer checkpoint uses nearly 70 million accounts to track debit and credit transactions.
- That dataset reveals holiday spending up 5.7% through October but fewer goods per dollar due to inflation.
Measure Holiday Spending With A Basket
- Track holiday-related basket spending to understand seasonal consumer behavior.
- Use defined baskets where 20%+ of sales occur in the holiday season to measure holiday spending accurately.