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Card debt, which fell during the pandemic, is at a record $986 billion, according to the New York Fed. Delinquencies are rising too.
We spent despite being whipsawed by economic news. Raises and slowing inflation helped.
Most executives predict that consumers will continue to be more selective this year.
Especially those closely tied to the housing market.
In January, business inventories expanded. That’s a positive sign about the economy’s health.
A new report from the JPMorgan Chase Institute finds retail has followed consumers to where many more now work and live.
The savings rate went up half a percentage point in December, but it’s still not back to pre-pandemic levels.
Until recently, consumers had been spending less on goods and more on services. That’s changing. Here’s what it could mean for inflation.
The economy grew, but not as much as expected. Some parts of the economy are slowing, but not as much as expected.
Here’s how one small business is adapting to the changing consumer climate.