Where Did Americans Spend Their Money - Essay Example
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Extract of sample Where Did Americans Spend Their Money
According to the research findings, it can, therefore, be said that in his findings, Sparshott reveals that restaurants and retailers witnessed a sales rise of 1.2 percent in June compared to the previous month. The big vehicle sales also helped boost the level of economic growth. Dealers of motor vehicles and spare parts indicated that they witnessed a 2 percent rise in June compared to May. Even with the elimination of auto sales, gains were broad-based, as they still reflected a 1 percent growth. Furthermore, the cheap prices of gasoline have provided Americans with a windfall, although in recent months they are more motivated to saving rather than spending. In May, however, gasoline stations witnessed their ultimate leap since 2012, although Americans ignored the move. They directed their earnings to gardening and building materials, non-store retailers, and clothing stores. Thus, based on the growth in sales in the recent months, the researcher has realized that Sparshott has effectively shown the way the American economy is shifting from the harsh weather witnessed during the first quarter of the year. This is because the present figures are revealing strong growth in payroll real income. This way, the author hopes the country will be able to reverse the contraction it witnessed during the first quarter of 2015.
This research is being carried out to evaluate and present Jeffrey Sparshott’s ground-shaking findings in the article titled “Where Did Americans Spend their Money in May.”…
The Somali fishermen, however, contended popular belief that it was the material gains the Somalis were after: illegal fishing and dumping of toxic waste in Somali territories. The Somalis also believe it is a way of protecting their territorial waters (Abdullahi, P3).
There are multiple factors behind the high price of different luxury items in the world. Quality, craftsmanship, research, use of stuff and the most important is the brand name. These aspects contribute in making the luxury items very costly. Even than there are items like perfumes, leather garments specially the handbags and certain other licensed items which are sold in huge quantities and these are costly also.
Advertising is the art of convincing people to spend money they don’t have for something they don’t need. Commercial advertising is a phenomenon closely associated with capitalist consumer culture. The ubiquitous ad space that engulfs urban human habitation has no parallels in terms of its reach and influence.Advertising performs a key role in industrial economies and its infiltration into both print and online formats is unlikely to abate.
The American dream of having equal education opportunity for all American children has been faced with quite a number of challenges and lack of sufficient funds being one of the challenges, it is with no doubt that the dreams would have already been fully achieved had the governments divert the fund spent on wars annually to benefit the education sector.
Smokers generate about 22.3% of the U.S. adult population, and they are by now paying more than their reasonable share of the tax load. The government makes more money off cigarettes per minute than the normal family makes in a year. Federal taxes on cigarettes have augmented 62.5% since 2000.
It also involves strategizing on future spending, thereby enabling an individual to save money which will be effectively spent as a lump sum to purchase commodities that require huge sums of money. Through such plans, the
It was not a surprise that most of the packaged foods also cost more per ounce than the fresh fruits and vegetables.
There are, most likely, several reasons behind the cost increase for the packaged foods, though the
ing as the middleman or go-between among lenders and borrowers; a good example of a financial intermediary are the banks and other financial institutions which accept deposits from people who have extra monies and lend these out to those who need them and willing to pay interest
With ad spends always on ascent it is not difficult to understand why advertising businesses expect maximum Return on Investment (ROI) on their ad spends. Advertisers’ intention is to make their products/services