Chase Spending Data

Research evidence excerpt

Chase Spending Data

J P M O R G A N North America Equity Research

01 July 2026

Updated Through June 23, 2026

We are updating our Chase Spending data through June 23. Data are provided on a Consumer Finance

AClagged basis and presented in a rolling seven-day format. Richard Shane

Beginning with our May 26, 2026 publication, we are sourcing our Chase (1-415) 315-6701

richard.b.shane@jpmorgan.com

Spending data from JPMC Index File 2.0, an updated and enhanced dataset that J.P. Morgan Securities LLC

replaces the prior Index File 1.0. The new dataset is built using more granular

transaction-level details, enabling us to expand our analytical coverage with

additional category breakdowns (e.g. by income level). As a result, readers will notice The authors wish to thank Prakhar Rai, of

a substantial increase in the number of charts and tables accompanying this report the J.P. Morgan Global Research Center,

going forward. As always, we welcome reader feedback and suggestions. We have for contributions to this report.

attached a schema of the full dataset as an appendix at the end of the note, allowing

readers to see the complete universe of available categories as well as those we have

selected to highlight in our charts and commentary. Click here for disclaimers and

methodology.

Key Takeaways: Total spending growth for June MTD was lower M/M vs. May.

Total spending was up ~5.1% Y/Y through June 23, below May’s figure of ~5.3%. The

M/M drop in Y/Y spending growth is primarily a function of lower M/M non-

discretionary spending (4.8% MTD in June vs. 6.0% in May).

• Total spending was up ~5.1% Y/Y MTD through June 23 versus the same

period in 2025, with MTD discretionary spending growth of 5.2% running

above MTD non-discretionary spending growth of 4.8% (Fig. 12).