Economy News Wealthier Americans Are Driving Retail Spending And Powering Us Economy
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Here’s what the latest inflation and spending data reveals about the US economy
The figures show that consumer spending, the lifeblood of the US economy, was somewhat weak heading into the current quarter, which stretches from October through December. In September, employers ... Read More
Americans keep spending despite gloomy economy
Despite a pervasive sense of economic pessimism, Americans continue to spend robustly on goods and services. Recent retail trends reveal sustained consumer activity, even as negative sentiment looms ... Read More
US retail sales rose slightly in September, adding to months of big gains
Sales at U.S. retailers and restaurants rose slightly in September as resilient consumers moderated their spending after splurging over the summer ... Read More
Americans plan to spend big this holiday season even as they fret about the economy, Visa finds
Americans are expected to open their wallets this holiday season, increasing their gift budgets even as a slowing job market and stubborn inflation weigh on consumer confidence, according to a new ... Read More
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