Tag: households

Impact of lower gasoline prices on US household spending – JP Morgan

Impact of lower gasoline prices on US household spending – JP Morgan

Savings are equivalent to half of average month’s rent or mortgage payment WASHINGTON – With US gasoline prices down 25 per cent year over year in 2015, middle income households spent $477 less at the pump, according to a new study by JPMorgan Chase Institute. For every dollar saved from lower gas prices, households decreased their spending on […]