Consumer spending in the U.S. rose notably in June, driven by the FIFA World Cup 2026, according to Bank of America data. Spending increased 6.3% year-over-year, with host cities like New Jersey and New York City seeing significant gains, particularly in restaurants and local retailers. Lower-income households contributed most to this boost, reflecting stronger labor markets and wage growth. The World Cup's economic impact suggests much of the spending stayed within local communities, benefiting businesses near event venues.
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