Browsing: Consumer Spending
Even Americans earning six figures say they are living paycheck to paycheck—including people making over $200,000
Money, money, money, isn’t even funny in a rich man’s world. It appears as if even the most wealthy of…
The ‘funflation’ economy is dying as a consumer attitude of ‘hard pass’ takes over and major artists cancel concert tours
For the past few years, live music has enjoyed an explosive post-pandemic revival, as ‘revenge spending’ fans itching to get…
The choosy US retail customer still doesn’t want what Kohl’s Corp. is trying to sell. The midmarket department-store chain slashed…
The baby boomer bump: How ‘the richest retiring generation we’ve ever had’ is keeping the economy afloat
Baby boomers, members of the wealthiest generation in history, are beginning to retire in record numbers. Though much has been…
The new quiet luxury is burgers and fries: Over 60% of Americans won’t buy fast food because it’s just too expensive, survey finds
Move over, Hermes and Miu Miu—the newest luxury purse flying under the radar is a crinkled paper bag filled with…
‘The lower income consumer in the U.S. is stretched’: Pepsi’s CEO isn’t the only executive worried about the economy
Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S.…
The Buy Now, Pay Later trend has been jet fuel for online shopping, new Adobe report reveals—and it’s only expected to surge
Americans are continuing their post-pandemic online spending spree in 2024, despite the pain of stubborn inflation and interest rates at…
The U.S. economy is actually a ‘wolf in sheep’s clothing’ as the weak GDP report masks underlying strength, Wells Fargo says
The first-quarter GDP report showed so much deceleration and missed estimates by such a wide margin that stagflation fears are…
The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but…
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