{"id":1529951,"date":"2025-04-12T01:20:00","date_gmt":"2025-04-12T05:20:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1529951"},"modified":"2025-04-12T01:20:00","modified_gmt":"2025-04-12T05:20:00","slug":"us-consolidates-position-among-highest-spending-global-cities","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/us-consolidates-position-among-highest-spending-global-cities\/1529951\/","title":{"rendered":"US Consolidates Position Among Highest-Spending Global Cities"},"content":{"rendered":"

US Consolidates Position Among Highest-Spending Global Cities<\/span><\/p>\n

\n

In 2020, there were five U.S. entries among the\u00a0cities<\/a>\u00a0with the biggest consumer spending in the world. By 2040, this will have risen to six with the addition of Dallas,<\/strong> a\u00a0release by World Data Lab shows<\/a>.\u00a0<\/p>\n

At the same time, as Statista’s Katharina Buchholz reports,<\/a> the other regions in the top 10 have been diversifying, with Japan losing ground and China gaining some, the numbers show.<\/p>\n

<\/a>\u00a0<\/p>\n

You will find more infographics at Statista<\/a><\/em><\/p>\n

Beyond the top 10, the U.S. has seen another city rising in the ranking. <\/strong>Houston is projected to climb to rank 12 in 2040, up from rank 14 in 2000.\u00a0<\/p>\n

Washington D.C., Phoenix and Seattle are also among the top 20.<\/p>\n

While America\u2019s major metropolises are keeping their top spots, the ranking exemplifies the growing power of U.S. Sun Belt cities <\/strong>which have been attracting residents with favorable climate and lower cost of living.<\/p>\n

Based on a relatively strong economy, consumer spending in the\u00a0United States<\/a>\u00a0has persisted even through recent crises like the Covid-19 pandemic and strong inflation. Americans tend to\u00a0save less<\/a>\u00a0and are among the\u00a0biggest users of credit worldwide<\/a>, which might not be sustainable but still ups spending. Additionally,\u00a0richer Americans can still benefit<\/a>\u00a0from their pandemic savings and locked-in ultra-low mortgage rates. U.S. consumer spending is relying more and more on these rich or very rich individuals,\u00a0the Wall Street Journal reports<\/a>, which the U.S.\u00a0has a lot of<\/a>.<\/p>\n

The report analyzes more than 6,000 cities on all continents. It found that 83% of new consumer spending until 2040 will be urban in nature<\/strong>. While the top 100 highest-spending cities are expected to grow in consumer class population by 2.4% annually until that date, consumer spending in them will grow by 4.5% every year, outperforming other urban populations around the globe as large cities continue to attract wealthy individuals and function as spending hubs.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 04\/11\/2025 – 21:20<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/personal-finance\/us-consolidates-position-among-highest-spending-global-cities<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

US Consolidates Position Among Highest-Spending Global Cities In 2020, there were five U.S. entries among the\u00a0cities\u00a0with the biggest consumer spending in the world. By 2040,…<\/p>\n","protected":false},"author":0,"featured_media":1529952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1529951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6q0D","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2025\/04\/34283-o12VyW.jpeg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1529951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1529951"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1529951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1529952"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1529951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1529951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1529951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}