In her seventh interview on American Public Media’s Marketplace program in a year, Ann Owen, the Henry Platt Bristol Professor of Economics, discussed the recent surge in consumer spending in April. The increase was the largest in more than six years, due in large part to hefty spending on durable goods. Owen said that the “glass half full interpretation” would be that people are feeling more confident and are willing to make big purchases.
The May 31 syndicated broadcast was titled “Consumer spending surged in April. Why?” Other experts on the program included senior fellows from the Associated Press and the American Enterprise Institute.