There are several types of goods on the market and some last longer than others. Durable goods are items that last over extended periods and don’t require frequent purchase. According to the U.S Department of Commerce, durable goods last for at least three years on average. The demand for durable goods can be a metric used to track economic performance. For this reason, the U.S. Census Bureau produces the Monthly Advance Report on Durable Goods Manufacturers’ Shipments Inventories and Orders to track the demand of durable goods. When consumers are purchasing high volumes of durable goods, it means the economy may be doing well. What Are Durable Goods? Consumer goods fall into three buckets: nondurable goods, durable goods, and services. Any item that has longevity and doesn’t need to be purchased frequently falls into the durable goods category. While these goods experience wear and tear, if maintained, they don’t need to be updated regularly. Some other characteristics of durable goods include reusability and being relatively expensive. They also often require financial planning or sometimes loans to purchase but don’t don’t break down easily. Oftentimes consumers