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Consumer confidence surges on relief payments

Mar 22, 2021
Morning Consult finds the American Rescue Plan boosted consumer confidence, with low- to middle-income Americans buoyed the most.
Optimism has increased since President Joe Biden signed the American Rescue Plan, which will likely lead to increased spending.
Samuel Corum/Getty Images

The steel market is hot, but it won't last forever

Mar 16, 2021
Delaware Steel President Lisa Goldenberg talks soaring steel prices and the possibility of a Biden infrastructure bill.
"Suppliers are making steel as fast as they can," Lisa Goldenberg says. Lead times are the "longest they've been in probably 15 years."
Scott Olson/Getty Images

Consumer confidence shows wide partisan divide

Feb 4, 2021
Republicans are bumming and Democrats are buoyant after the Biden inauguration, according to Morning Consult, a reverse of the Trump years.
Political victory or defeat can translate into economic hope or despair.
Kena Betancur/AFP via Getty Images

Will the relief package boost consumer spending in 2021?

Dec 31, 2020
Ultimately, this money is a bridge until the virus is under control.
Women carry shopping bags while walking in Georgetown on Dec. 23, 2020, in Washington, D.C.
Alex Edelman/AFP via Getty Images

Consumer confidence lackluster as the pandemic continues

Dec 23, 2020
Even with the rollout of vaccinations and federal action on a relief package, many consumers are wary about the future.
Even with positive news about vaccinations, most of the news about the economy and COVID-spread has been downbeat lately.
Spencer Platt/Getty Images

Growth in retail sales is slowing. That's a bad sign for the economy

Nov 17, 2020
As goes the U.S. consumer, so goes the U.S. economy.
Shoppers walk in South Coast Plaza in August in Costa Mesa, California. Smaller retailers are having a harder time transitioning to online sales and adjusting to COVID-19 restrictions.
Mario Tama/Getty Images

Older consumers may be less inclined to go out and spend as the pandemic continues

Oct 28, 2020
Though rising stock and home values have helped older workers and retirees, they have less time to make up for financial losses.
Older Americans are also more leery of going out in the pandemic to shop at the mall, go to the gym or take a trip, according to data from research firm Morning Consult.
Dia Dipasupil/Getty Images

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Virus fatigue is changing people's risk tolerance

Oct 26, 2020
New COVID-19 cases are on the rise, but so is people's willingness to go out.
Kena Betancur/Getty Images

As reopening falters, consumer confidence falls

Aug 25, 2020
The pandemic isn't abating and consumers are wary of the future, economists at The Conference Board say.
Customers walk past closed stores at a mall in Franklin, Tennessee. Consumer confidence has fallen yet again.
Brett Carlsen/Getty Images

Would a resurgence of COVID-19 hurt the economy?

Jun 18, 2020
Consumer confidence, while increasing overall, is stagnating in regions where there have been recent spikes in the disease.
Florida is among the handful of states that have just reported record-high weekly case numbers.
Eva Marie Uzcategui/AFP via Getty Images