consumer spending Archives

GDP dips by 0.9% in second quarter, but consumers are still spending

by Sabri Ben-Achour

Jul 28, 2022

While consumers cut back on goods spending, spending on services jumped.

While consumer spending on goods dropped in the second quarter, services spending jumped.

Spencer Platt/Getty Images

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Does declining consumer confidence lead to lower spending?

by Savannah Maher

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

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Spending is up, but consumer confidence isn't

by Kristin Schwab

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.

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Why the U.S. doesn't have the best sunscreens in the world

by Amy Scott and Anais Amin

Jul 13, 2022

The FDA hasn't approved ingredients that could make products more pleasing to use — and used more often, says Amanda Mull of The Atlantic.

People may be less likely to use sunscreen when it feels sticky, goopy or greasy, or leaves a white cast.

Mykola Sosiukin/Getty Images

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Consumers are spending more on services than on stuff. How long will that last?

by Justin Ho

Jul 6, 2022

Even if growth in services sector spending slows this summer, economists don’t see it stopping any time soon.

People have been spending more money on the service sector than goods.

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Consumers dialed back their spending in May, thanks to rising prices and interest rates

by Mitchell Hartman

Jul 4, 2022

The 0.4% drop signals that the Federal Reserve's interest rate hikes are cooling the economy, but there's a greater risk of recession.

Among consumers, an attitude of eager spending may be giving way to concern about household budgets.

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Current economic moment could spell "catastrophe for retailers"

by Stephanie Hughes

Jul 1, 2022

With rising prices, ongoing supply chain issues and the wrong inventory, it's a rough time to be a big-box store.

Kohl's had been in negotiations to be bought by the Franchise Group but decided to end those talks. It's part of an industry that's struggling with difficult conditions.

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Consumers are pulling back on spending. They're also tapping savings and taking on debt.

by Mitchell Hartman

Jun 30, 2022

That's good news for inflation, but it might be bad news when it comes to the risk of a recession.

The price of everything — from groceries and gasoline to discretionary purchases like travel — is going up. As a result, consumers aren't spending as freely.

Frederic J. Brown/AFP via Getty Images

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We're saving less. Will we spend less?

by Sabri Ben-Achour

Jun 14, 2022

After reaching a record high of nearly 34% early in the pandemic, the savings rate has dipped below its pre-pandemic level.

Travelers board a train in Washington, D.C. Partially fueled by pent-up demand for services, consumers are spending down their savings.

Drew Angerer/Getty Images

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Consumers are spending on services again as the pandemic shopping spree for goods cools

by Sabri Ben-Achour

May 31, 2022

People want to get outside and do stuff, not just buy stuff. That's reflected in surging travel bookings — and airfare.

Consumers are still spending on big-ticket, durable goods like furniture. But now demand for services is picking up again.

Brandon Bell/Getty Images

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Consumer spending

GDP dips by 0.9% in second quarter, but consumers are still spending

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Does declining consumer confidence lead to lower spending?

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Spending is up, but consumer confidence isn't

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Why the U.S. doesn't have the best sunscreens in the world

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Consumers are spending more on services than on stuff. How long will that last?

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Consumers dialed back their spending in May, thanks to rising prices and interest rates

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Current economic moment could spell "catastrophe for retailers"

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Consumers are pulling back on spending. They're also tapping savings and taking on debt.

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We're saving less. Will we spend less?

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Consumers are spending on services again as the pandemic shopping spree for goods cools

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