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World Cup helped drive strongest consumer spending growth in four years during June, Bank of America says

The World Cup is helping to boost consumer spending around the U.S. in June, with host cities seeing notable gains, according to new data from Bank of America.The Bank of America Institute found that consumer spending using credit and debit cards rose 6.3% from a year ago in June – which was the strongest growth in over four years – based on internal card data from the bank. That growth was largely driven by discretionary spending amid the decline in gas prices, as total card spending was up 5.6% when excluding gasoline.The firm's analysis noted that the start of the FIFA World Cup 2026 on Jun...