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It could signal that wage and other cost pressures are easing or that sales are weakening and the economy is slowing.
Even with erratic demand, this Maine chocolatier is optimistic about a strong year for her business.
Tracking how shoppers feel is important — consumer spending makes up a whopping 70% of GDP.
As consumers favor services over buying goods, FedEx and other shippers are feeling the pinch.
Retail sales surprised with a 0.3% gain in May. Nearly every category advanced despite persistent concern about inflation.
Baby boomer Barbara Talisman quit her job to travel the world. Research shows her generation wants to live it up as younger folks spend less.
But with interest rates high and wage growth slowing, that level of spending is becoming unsustainable.
Consumers at almost every income level are finding ways to spend on getting out of the house.
It all depends on the questions pollsters ask. “How are you doing?” will elicit a different answer than “How do you feel about inflation?”
Between the pandemic and its economic ripple effects, the consumer experience has been a wild ride.
