Sam Ro: BofA reports 4.8 percent annual increase in U.S. card spending

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BofA data shows U.S. card spending up

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Andrey Mastykin

21.05.2026

Sam Ro: BofA reports 4.8 percent annual increase in U.S. card spending — BofA data shows U.S. card spending up

Sam Ro reports that Bank of America (BofA) data showed total card spending per household increased by 4.8 percent year-over-year in the week ending May 16. Excluding gas, spending rose 3.5 percent for the same period.

Ro also mentions that the timing shift of Mother’s Day likely impacted spending growth, and emphasizes the value of smoothing the data to better understand the trend.

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Ro’s recent coverage has examined other market developments. He reported that S&P 500 first quarter earnings discussions often omit certain details identified by FactSet’s John Butters. In another report, Ro noted that JPMorgan raised its KOSPI targets for Korea.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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