consumer spending

Consumers are starting to act as if recession is imminent

Consumers are starting to act as if recession is imminent

Text size Consumer dissatisfaction is worse among households earning less than $50,000 a year, writes Dana M. Peterson. Frederic J. Brown/AFP/Getty Images About the Author: Dana M. Peterson is chief economist at the Conference Board. Consumers sense that a recession is imminent and are beginning to behave accordingly. They become more and more unhappy by …

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How two teachers killed a $53,000 debt monster in 3 years

How two teachers killed a $53,000 debt monster in 3 years

This article is reproduced with permission from NerdWallet. In this series, NerdWallet sheds light on people’s debt repayment journeys. This month, Jae Bratton shares how she and her husband focused on erasing debt, fueled by the hope of starting a family. My story of letting go of over $53,046 in debt over two teachers’ salaries …

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Holiday shopping starts with spirits that dampen inflation

Holiday shopping starts with spirits that dampen inflation

NEW YORK (AP) — While Black Friday will mark a return to typical holiday shopping habits, uncertainty remains. The US labor market remains strong, consumer spending is resilient and inflation is moderating. But high prices for food, rent, gasoline and other household expenses weighed on buyers. As a result, many are hesitant to spend unless …

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Retail sales jumped 1.3% in October as consumers continued to spend despite inflation |  CNN Business

Retail sales jumped 1.3% in October as consumers continued to spend despite inflation | CNN Business

Minneapolis CNN Business — US shoppers spent more in October, showing continued resilience amid still-high inflation and an early start to the holiday shopping season. US retail sales rose 1.3% in October, the Census Bureau reported Wednesday. It’s the biggest monthly gain since February and better than 1% economists had expected. consumer spending was flat …

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