- The median year-over-year increase in monthly household spending remained at 2.3 percent in August 2019. The series has been at this value since August of last year.
- The share of respondents who reported making home repairs in the past four months increased to 22.2 percent, from 18.9 percent in April 2019.
- The reported degree of monthly variability in household income declined in August, compared with April 2019. The proportion of households reporting that their income (before taxes) varies by less than 5 percent from month to month increased to 82.0 percent from 79.5 percent; the share of those reporting variation of more than 15 percent from month to month decreased to 3.7 percent from 4.1 percent.
- Median expected growth in household spending over the next year declined from 2.6 percent in April 2019 to 2.4 percent in August. The decrease was driven primarily by respondents with household incomes of more than $100,000.
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.