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Consumer spending

COVID-19

Visa CEO: "The world has changed dramatically"

by Kai Ryssdal and Sean McHenry
Jun 30, 2020
Visa CEO Al Kelly discusses the consumer economy and corporate responsibility today, amid the global pandemic and nationwide protests for racial justice.
"We've seen debit card volume increase much more than credit card volume," Visa CEO Al Kelly says.
Courtesy of Visa Inc.
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COVID-19

Consumer spending rises — for now

by Justin Ho
Jun 26, 2020
An 8% uptick in May follows a 20% drop over March and April. That's the good news. There are plenty of potential economic blows on the horizon.
Consumer spending in the United States shot up a record 8.2% in May, but it doesn't mean recovery is on the way.
Spencer Platt/Getty Images
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COVID-19

Household debt up 4% in the first quarter

by Justin Ho
Jun 12, 2020
About 1 in 6 households reports having more debt now than before the COVID-19 crisis.
David McNew/Getty Images
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COVID-19

Early signs of an improving economy, but consumers haven't opened their wallets

by Mitchell Hartman
May 29, 2020
With unemployment so high and concerns about the coronavirus spread, we likely won't see a rebound in consumer spending anytime soon.
Anxiety about personal finances is still sky-high.
David McNew/Getty Images
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COVID-19

Consumers are buying less while shopping online more

by Mitchell Hartman
May 14, 2020
The Marketplace-Edison Research Poll finds that 40% of those who shopped online before the pandemic now do it more.
Charly Triballeau/AFP via Getty Images
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COVID-19

How people are celebrating this socially distant Mother's Day

by Meghan McCarty Carino
May 8, 2020
There will be less less close contact and brunches, more electronics, books and creativity.
Flower shopping with a face mask.
Daniel Leal-Olivas/AFP via Getty Images
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COVID-19

What's gonna happen to the consumer economy?

by Kai Ryssdal and Maria Hollenhorst
Apr 6, 2020
Consumer spending accounts for 70% of U.S. GDP. Is that going to change soon?
Consumer spending has carried a lot of weight in this economy for a long time.
Hudson/Topical Press Agency/Getty Images
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COVID-19

Consumer confidence dips with spread of COVID-19

by Mitchell Hartman
Mar 27, 2020
As people see workplaces close, big layoffs and stock market uncertainty, they fear for their financial security.
Confidence is likely to get a lot worse, and could reach levels last seen in the Great Recession.
Cindy Ord/Getty Images
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COVID-19

How will COVID-19 affect consumer spending?

by Andy Uhler
Feb 28, 2020
Consumer spending makes up about 70% of the U.S. economy, so any disruption would have dire effects on growth.
January’s report may not reflect consumer spending in the wake of COVID-19.
Scott Heins/Getty Images
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Credit card delinquency is rising. Should we be worried?

by Nova Safo
Dec 13, 2019
Consumers have been carrying this economy. That may be harder if they're behind on their bills.
Jeff J Mitchell/Getty Images
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