APRIL 10, 2026 AT 10:39 AM

BofA Consumer Checkpoint: Total credit and debit card spending per household rose 4.3% Y/Y marking the strongest growth since early 2023

Importance

Level 1

Higher gasoline prices powered some of the increase, with spending at the pump surging 16.5% M/M
However, total card spending excluding gasoline still saw healthy growth at 3.6% Y/Y