Western States Lead U.S. Spending Growth

Two areas in the United States have consistently held top spots for the fastest spending growth throughout the past several years. People in the regions of the Far West and Rocky Mountain repeatedly rank among the highest rates in consumer spending. Utah has seen some of the most substantial consumption growth in recent years, taking place in one the top five spots since 2012. The U.S.’s booming tech industry, concentrated in several West Coast cities, is helping stimulate the region’s economic growth. Utah, for example, is home to tech companies including Qualtrics and Adobe Systems and has seen an influx of new residents. These residents are bringing high-paying jobs that increase spending and economic growth in the area. The west continues to be a role model region for the rest of the United States when it comes to innovation and enterprise and should continue to produce excellent economic results.

To Read More Click Here