12-12-2019 17:00 via ocregister.com

Redemption Decade: California consumer spending, from second-biggest US drop to No. 2 gain

With the 2010s at their end, our “Redemption Decade” series explores how California’s economy rebounded from the destruction of the Great Recession. This is Part 3.
As companies trimmed in the Great Recession, consumers took their cues from the boss and shopping ground to a halt. Government followed. As the economic rebound progressed, shoppers quickly returned to old buying habits. Here’s how my trusty spreadsheet sets the scene:
Then: In 2009, California consumer spendi
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