Stories Tagged as
Consumer spending
All those pandemic savings? They might already be gone
Sep 28, 2023
People in the U.S. saved an estimated $2.1 trillion at one point in the pandemic. By some estimates, that money's pretty much gone.
Furniture sellers adapt to a nationwide drop in sales
Sep 15, 2023
Sales at furniture stores have been sliding amid a cooling housing market and weakening consumer sentiment about making big purchases.
FedEx and UPS hike prices for 2024, but not as much
by
Justin Ho
Sep 11, 2023
Shipping companies need to cover their higher costs, but there's a limit to how much they can pass on to customers.
Service-sector businesses feel upbeat about "business conditions"
by
Justin Ho
Sep 8, 2023
A survey from the Institute for Supply Management found that a majority of service-sector businesses feel positive about business conditions and the overall economy.
Consumers are finding ways to justify spending, even if it busts their budget
by
Kai Ryssdal
and Sofia Terenzio
Sep 5, 2023
The rebound from pandemic deprivation continues, says Adriana Samper of Arizona State, and the reasoning can get pretty creative.
Spending on games and hobbies is up as consumers prepare to hunker down for fall
Aug 31, 2023
During the pandemic, people spent money on stuff. Then, they spent money on experiences. Now, it seems they're spending money on things that help them connect.
Despite rising interest rates, consumers increased their spending in July
Aug 31, 2023
But what they're spending their money on is shifting.
For public good, not for profit.
Best Buy says electronics demand could pick up again
by
Justin Ho
Aug 31, 2023
Demand for consumer electronics has fallen since the early days of the pandemic. But Best Buy says electronics demand could stabilize in the near future, or even grow.
Even as GDP growth cools, consumer spending is keeping the economy humming
Aug 30, 2023
Consumer spending, which accounts for most of GDP, grew more in the second quarter than initially reported.
Retail inventories have dropped. But discounts might stick around.
by
Justin Ho
Aug 16, 2023
Over the last year, many retailers have been successfully using discounts to purge their excess inventories. Now, retailers might use discounts to lure skittish consumers.