What the spending trends look like this year in Connecticut

In this week’s Deep Dive, News 12’s Kristie Reeter takes a look at what the spending trends look like this year in Connecticut.

In a News 12 poll, a majority of people in Connecticut said there had been no change, while 33% said they were buying less.

What has been the overall trend in spending in Connecticut?

“Spending has increased aggressively in Connecticut year over year, remember we weren’t spending much last year, but spending in the counties we track have jumped, especially the county. of Litchfield where they are up 71% from a year ago, ”says Caleb Silver, with Investopedia. “Again we didn’t spend a lot last year, spending has risen sharply in Litchfield County. Hartford County is not that much at 36.4% and quite well there too. And Fairfield County up 34.3%. “

Silver also says there has been a specific trend seen in credit card purchases.

“People spent a lot of money on home improvement, a lot of money on recreation and a lot of money on arts and crafts and sporting goods,” he says. . “Spending hasn’t been exactly where we think it hasn’t been – it’s in restaurants, it’s in the arts, entertainment and leisure activities. But spending has increased dramatically in Connecticut year over year. “

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