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Consumer confidence is rebounding. Here's why.

Jul 26, 2023
The University of Michigan's consumer sentiment index is up 40% over last year, aided by moderating inflation and job market strength.
"We know from history that as long as folks are working, they feel more comfortable about spending,” said Quincy Krosby of LPL Financial.
David Becker/Getty Images for Nordstrom Rack

People over 55 are more glum about the economy, consumer survey says

May 30, 2023
People in that age group have less time left to earn or save money for retirement and have had more time to accrue debt.
In some ways, how you feel about the economy in your 60s and 70s depends on how things went in earlier decades. 
Chainarong Prasertthai/Getty Images

Consumers say they're doing fine, but the economy as a whole isn't. Why?

May 23, 2023
It all depends on the questions pollsters ask. "How are you doing?" will elicit a different answer than "How do you feel about inflation?"
According to a survey out this week, almost three-quarters of people feel at least OK about their own personal economies. But other surveys suggest people think differently about the broader economy.
David Becker/Getty Images

Why pessimism about the U.S. economy might overshadow a longer-term success story

Zanny Minton Beddoes, editor-in-chief of The Economist, explains why the U.S. economy may be stronger than it looks.
Zanny Minton Beddoes, editor of The Economist, said that the U.S. economy has outperformed other rich economies despite economic pessimism among Americans.
Spencer Platt/Getty Images

California retailer weathers the storm of tech layoffs and a "climate pandemic"

Mar 31, 2023
In the laid-back beach town of Santa Cruz, a local retailer adds wildfires and epic rain storms to the list of things to plan for.
Sonia McMoran consults her weather app to plan ahead for her store, above.
Courtesy of Sonia McMoran
According to a recent report from Ipsos, consumers are slightly uncertain about the future of the economy, even though consumer spending hasn't eased in the face of high interest rates and prices.
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How freaked out are consumers these days?

Mar 17, 2023
Consumer sentiment isn't as gloomy as the failure of Silicon Valley Bank might lead you to expect.
According to a University of Michigan survey, consumer sentiment fell this month. But people seem to be more worried about their grocery bills and dwindling savings than about tremors in the financial system.
Mario Tama/Getty Images

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Next week's economic data will tell us a lot

Nov 25, 2022
Reports on inflation, consumer confidence and jobs will be consequential. We asked economists to point out the most important items.
"If consumers were truly, truly worried," says economist Jennifer Lee, discretionary spending on things like restaurant lunches "would be one of the first areas they would cut back on."
Spencer Platt/Getty Images

Does declining consumer confidence lead to lower spending?

Jul 26, 2022
The mood worsened for the third straight month, but many Americans have financial cushions.
As the labor market cools, economist Betsey Stevenson predicts consumer spending will too. For some lower-income households, that’s already happening.
Brandon Bell/Getty Images

Spending is up, but consumer confidence isn't

Jul 15, 2022
Retail sales rose in June, yet inflation is still a factor in how and where people are willing to spend.
While electronic and appliance sales saw the biggest drop in the last year, spending at bars and restaurants remain strong.
Anna Moneymaker/Getty Images