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Consumer Spending on the Rise

According to Mintel’s American Lifestyles 2014, consumer spending is back to where it was before the recession. The report shows that total US consumer expenditures will grow by 20% from 2013 to 2018. The leisure and entertainment category leads the way with a projected growth of 28.5%; this is primarily due to Baby Boomers enjoying their retirement and Millennials spending more money on audio-visual and video gaming equipment.

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