U.S. consumer spending jumped 4.2 percent last month; encouraging news as the country tries to bounce back from COVID's economic impacts.
The Gross Domestic Product – which is the total value of goods and services made – also increased at an annualized rate of 6.4 percent in the first quarter.
This after states rolled back restrictions and the vaccination effort ramped up.
Plus, that $1,400 relief check most people got may have incentivized more spending outside of necessities.
