consumer’s behavior

Buyers dip into their savings and go into debt. This could cause a holiday hangover | CNN Business

Buyers dip into their savings and go into debt. This could cause a holiday hangover | CNN Business

Leave a Comment / Economy / By

New York CNN — Despite high inflation and recession fears, the holiday shopping season seems to be off to a good start. Black Friday and Cyber ​​Monday sales were strong as Americans were lured by deep discounts. Although consumer spending is slowing, it remains surprisingly resilient. The problem, however, is that many Americans’ paychecks are …

Buyers dip into their savings and go into debt. This could cause a holiday hangover | CNN Business Read More »

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

Leave a Comment / Business / By

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 …

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