The Bureau of Economic Analysis will release tomorrow the latest Personal Income and Outlays report. Economists surveyed by Bloomberg forecast a month-to-month personal income increase […]
Tag: consumer spending
U.S. households spent considerably less in February after a spending spree in January
Personal consumption expenditures decreased on a month-to-month basis, while wages in the private sector continue to increase Consumers considerably slowed their spending in February, but […]
Generation Y doesn’t save, and their debt continues to grow
As interest rates continue to increase credit card debt balances will cause strains to people in their 20s and 30s When the pandemic cut Dominique […]
Consumer spending increased, and so did the Fed’s benchmark
The personal consumption expenditures surprisingly rose while consumers increased their spending in January. Consumer spending increased and inflation picked up in January, likely setting the […]
Plan to rent a car soon? It’s best to start your search early
An unexpected cross-country trip wasn’t something Jenavy Castro-Hernandez thought she and seven other family members would be doing, but when her uncle’s job sent him […]
Optimism strengthened despite personal income, consumer spending drop-off
Personal income and consumer spending both declined in February as a result of brutal winter weather which shutdown much of the nation during the end […]
Surging Energy Prices Drive Up Core and Consumer Prices for Second Consecutive Month
Consumer prices continued to move upward in February in the latest sign that Americans continue to grapple with surging energy prices. The consumer-price index rose […]
Personal Income, Consumer Spending rise significantly with the help of federal aid
Personal income surged in January as Americans received $600 stimulus checks, leading to new optimism about the nation’s recovery from the pandemic. The monthly report […]
The missing story in February’s inflation numbers
Consumer prices increased slightly in February due to higher rents and food costs, but prices in the U.S. are expected to slow or even decline […]
Five Things to Watch in March Retail Sales
This morning the Commerce Department will publish its count of all the retail products and services sold in March. Here are five things to look […]