Free

Where Did Americans Spend Their Money - Essay Example

Comments (0) Cite this document
Summary
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.”…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.3% of users find it useful
Where Did Americans Spend Their Money
Read TextPreview

Extract of sample "Where Did Americans Spend Their Money"

Letter to the Editor
Dear Editor
I would like to thank Jeffrey Sparshott for his ground-shaking findings in the article titled “Where Did Americans Spend their Money in May.” Without Sparshott’s findings, it would not have been possible to realize that the level of spending among consumers in the U.S. has risen, leading to increased sales in the country. This rise has taken place irrespective of the contraction the American economy witnessed during the first quarter of 2015. 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 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 (Sparshott).
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, I have 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, I hope the country will be able to reverse the contraction it witnessed during the first quarter of 2015 (Sparshott).
Sincerely
Work Cited
Sparshott, Jeffrey. Where Did Americans Spend Their Money in May? Wall Street Journal, 11 Jun 2015. web. 12 Jun 2015. . Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Where Did Americans Spend Their Money Essay Example | Topics and Well Written Essays - 250 words - 1”, n.d.)
Where Did Americans Spend Their Money Essay Example | Topics and Well Written Essays - 250 words - 1. Retrieved from https://studentshare.org/macro-microeconomics/1697733-a-short-paper-written-in-the-style-of-a-letter-to-the-editor-in-the-wall-street-journal-consult-current-issues-of-the-wall-street-journal-for-potential-topics-and-to-see-how-to-present-a-brief-and-cogent-argument-read-several-letters-for-reference
(Where Did Americans Spend Their Money Essay Example | Topics and Well Written Essays - 250 Words - 1)
Where Did Americans Spend Their Money Essay Example | Topics and Well Written Essays - 250 Words - 1. https://studentshare.org/macro-microeconomics/1697733-a-short-paper-written-in-the-style-of-a-letter-to-the-editor-in-the-wall-street-journal-consult-current-issues-of-the-wall-street-journal-for-potential-topics-and-to-see-how-to-present-a-brief-and-cogent-argument-read-several-letters-for-reference.
“Where Did Americans Spend Their Money Essay Example | Topics and Well Written Essays - 250 Words - 1”, n.d. https://studentshare.org/macro-microeconomics/1697733-a-short-paper-written-in-the-style-of-a-letter-to-the-editor-in-the-wall-street-journal-consult-current-issues-of-the-wall-street-journal-for-potential-topics-and-to-see-how-to-present-a-brief-and-cogent-argument-read-several-letters-for-reference.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Where Did Americans Spend Their Money

Outline of Chinese Americans and Mexican Americans

...? MEXICAN Mexican Americans and Chinese Americans I. Introduction The 2 groups chosen for analysis are Mexican American and Chinese American. The subjects for discussion for each group will be reasons for immigration, public policies and the ways theses policies affected immigration success, news stories exhibiting adaptation and the way these groups intersected with each other. In these days of globalization and large scale immigration it is important to analyze and promote the factors that will lead to future harmonious relations between Mexican and Chinese Americans and the larger society. II. Discussion Reasons for Immigration The original Mexicans in...
3 Pages(750 words)Assignment

Luxury Brands, Why People Spend a Lot of Money to Buy Luxury Goods

... No: Luxury brands, why people spend a lot of money to buy luxury goods? Luxury brandsand people’s interest in them is a factor that needs to be considered. People do not hesitate to spend a lot of money to buy luxury goods and their informed reasons are many in numbers. 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. People buy luxury items because they can afford... it. This...
4 Pages(1000 words)Essay

Advertising:the art of convincing people to spend money

...?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. 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 appear very...
7 Pages(1750 words)Assignment

Argument about how the spend the money in wors and not for study

... can be attributed to underfunding in the education sector. Compared to military funding, where the constitution gives mandate to government spending on defense and spending on education is just viewed as “states’ rights” matter is one of the biggest trouble with the disparity in the funding. In addition, it is important to bear in mind that the cost of education has increased as well as the cost of defense, though the government spends much more of the defense compared to the amount spent on educating the youths and securing a bright future for all American children. Owing to the current states of the schools in America, it is with no doubt much funds are needed in the education sector just like in the military. According to Ford... The...
4 Pages(1000 words)Essay

Cigarette Taxes - Where Does the Money Really Go

...Cigarette Taxes - Where Does the Money Really Go Introduction Cigarettes are taxed exceedingly in the United States, and excise taxes on cigarettes are a lot higher than excise taxes on other age-restricted products. In most states, there is a large gap involving the level of excise taxes paid on beer and wine compared to the intensity of excise taxes on cigarettes. 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. (Chaloupka, 45-57) Yet...
6 Pages(1500 words)Essay

The Americans in Typical Americans

.... In order to assimilate fully into American culture some of your traditions must be sacrificed, yet the Changs did not make this sacrifice and still became successful. Williams pointed out that typically these assimilations are multi-generational sagas where the conventional opposition between American and Chinese cultures is usually played out through generational conflicts, “in which the older, immigrant generations insistent preservation of Chinese traditions are pitted against their first -generation offsprings desire to cast off those manacles” (Williams) But in the case of Jen’s book and his characters they accomplish reaching the American Dream...
7 Pages(1750 words)Essay

Poor money management amongst americans

..., they are likely to accomplish the satisfaction of individual needs. Saving some money that can be used in case of eventualities is necessary. Americans did not anticipate the crisis such as the one that affected the economy in 2007. It has therefore adversely affected them, lowering their living standards. It is important that people make plans on what they need, how much they have, where to purchase, and also ensure that they save even the little amounts that seem inferior. Bibliography Belk, R. W., Ger, G., & Askegaard, S. (2003). The Fire of Desire: A Multisited Inquiry into Consumer Passion”. Journal of Consumer Research, 30(3), 78-91. Denis B. (2008). Financial Crisis Attributed to Mortgage. New York: Knopf. Evans M. Jamal... ...
6 Pages(1500 words)Essay

Shopping trends and how we spend money assignment

...spend time and money on attractive packaging to make the consumer that is tired and hungry walking through the store say, “Oh. I’ll just grab this and we’ll have it with dinner.” On the whole, it came as no surprise to me that the average cost per pound of packaged food was higher than that of fresh fruit or vegetables. When packaged goods are offered to consumers, the price must reflect handling, shipping, packaging, and work needed to put together the package. Project Calculations: Fruits and Veggies: Onions white 0.93 lb @ $1.69lb = $1.57 (.93 lb*16) = 14.88 oz Cost per ounce $1.69/14.88 =0.11 Tangerine; 0.41 lb @ $1.99 /lb = $0.82 (.41 lb*16) = 6.56 oz Cost per ounce ...
1 Pages(250 words)Assignment

Asian Americans V.S. African Americans

...this issue, as they also favor Asians and discriminate Africans because of their skin color. African Americans felt being threatened, something that led to African Activists like Martin Luther King to lead mass protests fighting against this vice. Consequences of racial conflicts between Africans and Asians in America The conflict between the two groups does not only affect them, but the entire country at large. As the two groups engage in physical conflict they destroy properties. In the year 1992 during the battle of ‘blacks-Asians’ they destroyed and burned down shops, where goods worth a lot of money were lost. Such destruction cripples the American economy. Due to...
3 Pages(750 words)Essay

Spend the money

...How will I spend one million dollars? Philosophers focus on the evil roots of wealth and the lust for money, dwelling on the notion that money is not everything. However, I believe, that even though money is not everything, but it ranks up to the level of oxygen! Receiving one million dollars opened countless doors of opportunities to fulfill the desires and dreams that were left untouched because of financial restrictions. The first thing I would like to do with my money is to build a dream house where I can live with my family. I had always wanted an exquisitely constructed house, with a lush green front garden and a spacious...
1 Pages(250 words)Admission/Application Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Where Did Americans Spend Their Money for FREE!

Contact Us