Tom Croly’s Maui bed and breakfast once drew guests from around the world: Americans made up the majority, but there was a steady stream of Europeans and Canadians as well. Then the pandemic hit, leaving Dreams Come True on Maui empty for nine months. Even now, more than a year […]
The Commerce Department will release its personal income and outlays report on Friday, which includes economic temperature checks like consumer spending and inflation. Analysts expect that consumer spending increased 0.6% in March, an uptick from the previous month, as demand remains high despite precipitous price increases. Increased consumer spending indicates […]
Americans slowed their spending spree in February, a sign that consumers are beginning to react to the runup in inflation. Consumption rose by 0.2% in February, compared with a robust 2% uptick the previous month, the Commerce Department reported Thursday. Meanwhile, the Personal Consumption Expenditure index, the Federal Reserve’s preferred […]
When Alina McKnight’s middle daughter was experiencing a lack of motivation and mental health issues during the pandemic, her mother spent a little extra money on a new outfit. In that outfit, she aced an interview for a tutoring gig. “Those two hours after school as a tutor, she’s able […]
Americans went on a spending spree in January despite a wave of Coronavirus cases, indicating strong economic recovery as the pandemic recedes. Spending on goods and services rose by 2.1% during the first month of 2022, the first uptick of that measure since October, the Commerce Department reported Friday. Consumer […]