Record drop in consumer spending

Consumer spending tumbled a record 16.4% in April as COVID-19 continues to impact the U.S. economy. KPMG Senior Economist Ken Kim  breaks down today’s record decline and whether there are signs that perhaps April might mark the trough in consumer spending.

To speak with Ken Kim please contact Matt Weiss at

Media contact

Matt Weiss

Matt Weiss

Industrial Manufacturing Corporate Communications Lead, KPMG US

+1 201-307-8138



Kenneth Kim

Kenneth Kim

Senior Economist, KPMG US

+1 212-954-6144

Related content

Other articles that might interest you