Virginians Spending More Now than Before Recession

(AP) - Consumer spending in Virginia is higher than it was before the Great Recession but is lagging behind the nation in spending growth.

New state-level figures released Thursday by the federal government for the first time show that Virginia's per capita consumer spending in 2012 grew 2.9 percent over the previous year.

That's weaker than the 3.3 percent growth in per capita consumer spending by the entire nation in 2012, the most recent year figures are available.

Consumer spending has soared since the Great Recession ended five years ago in U.S. states with oil and gas drilling booms, and has lagged in states hit especially hard by the housing bust.

On average, each Virginian spent $38,133 on consumer goods and services in 2012. Per capita spending nationwide was $35,498.


The comments sections of Newsplex.com are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we ask that you follow our rules for commenting. E-mail is required to comment on a story, but it will not be displayed with your comment. For complete rules, CLICK HERE. The Newsplex reserves the right to not post or to remove any comment.
powered by Disqus
The Charlottesville Newsplex 999 2nd Street S.E. Charlottesville, VA 22902 434.242.1919 – Main 434.220.7522 - Newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 270348491 - newsplex.com/a?a=270348491