- The median year-over-year increase in monthly household spending remained at 2.3 percent in April 2019, the same as in December 2018.
- The share of respondents who reported buying electronics in the past four months fell to 19.7 percent—down significantly from 26.0 percent in December 2018.
- The reported degree of monthly variability in household income was less dispersed in April 2019, compared with December 2018. The proportion of households reporting that their income (before taxes) varies by less than 5 percent from month to month decreased from 82.3 percent to 79.6 percent; the share of those reporting variation of more than 15 percent from month to month also decreased from 4.8 percent to 4.1 percent.
- Median expected growth in household spending over the next year declined from 2.8 percent in December 2018 to 2.6 percent in April 2019. The decrease was driven primarily by respondents with a high school education or less.
The SCE Household Spending Survey is fielded every four months as a rotating module of the Survey of Consumer Expectations (SCE). The data are updated online as results come in, and an annual New York Fed press release, issued following the December survey, highlights notable changes and trends.