Economy News Wealthier Americans Are Driving Retail Spending And Powering Us Economy

Americans spending more for the holidays despite dour economic views

Holiday spending is hitting new records, but some data shows that people are buying fewer items amid higher prices. Read More

Black Friday Spending Raises Eyebrows Over US Economy

While spending soared to almost $12 billion, per one estimate, the data shows a more complicated economic picture. Read More

Richest 10% now drive about half of all consumer spending

The balance of spending power in the United States has tilted decisively toward the top of the income ladder. The richest 10 percent of households now drive roughly half of all consumer purchases, ... Read More

K-shaped economy and inflation boost Black Friday sales by 4.1% from last year, online spending jumps 9.1%

US retail sales on Black Friday, the busiest shopping day of the year, climbed 4.1% compared with last year, according to data released Saturday by Mastercard SpendingPulse. Online shoppers alone ... Read More

Here’s what the latest inflation and spending data reveals about the US economy

Key monthly metrics from the US government continue to be released now that the shutdown has ended. Next up: September wholesale inflation and retail sales. 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

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