"TERMS AND CONDITIONS" "https://www.bankofcanada.ca/terms/" "NAME" "Consumers expect their spending growth to outpace their income growth" "DESCRIPTION" "Consumers expect their spending growth to outpace their income growth" "LINK" "https://www.bankofcanada.ca/?p=208746" "SERIES" "id","label","description" "CES_C5_INCOME","Expected income growth, next 12 months","Income growth: Over the next 12 months, by about what percent do you expect your total household income* to increase (decrease)? Spending growth: Over the next 12 months, by about what percent do you expect the total spending of all members of your household to increase (decrease)?" "CES_C5_SPENDING","Expected spending growth, next 12 months","Income growth: Over the next 12 months, by about what percent do you expect your total household income* to increase (decrease)? Spending growth: Over the next 12 months, by about what percent do you expect the total spending of all members of your household to increase (decrease)?" "OBSERVATIONS" "date","CES_C5_INCOME","CES_C5_SPENDING" "2014Q4","2.32","3.13" "2015Q1","2.54","3.00" "2015Q2","2.12","3.00" "2015Q3","2.09","2.98" "2015Q4","2.09","2.66" "2016Q1","2.04","2.61" "2016Q2","2.12","3.19" "2016Q3","2.85","3.82" "2016Q4","2.63","3.11" "2017Q1","2.10","3.43" "2017Q2","2.19","2.93" "2017Q3","2.69","3.06" "2017Q4","2.78","2.18" "2018Q1","3.23","4.24" "2018Q2","2.74","3.48" "2018Q3","2.39","2.97" "2018Q4","2.06","3.03" "2019Q1","2.28","2.99" "2019Q2","2.15","3.23" "2019Q3","2.21","3.21" "2019Q4","2.06","3.36" "2020Q1","2.36","3.78" "2020Q2","1.90","2.24" "2020Q3","1.98","2.49" "2020Q4","2.01","2.84" "2021Q1","2.01","4.56"