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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.
A New York Fed survey shows consumers are cutting back. But inflation means they’re paying more for the same stuff.
Chinese officials have lifted the harshest restrictions of the zero-COVID policy, but consumers are still cautious amid surging infections.
Shrinkflation means getting less product for the same price, and it’s not going away anytime soon.
It’s a tale of two inflations: goods versus services.
Although they’re contending with inflation and economic uncertainty, they continue to rack up debt and burn through their savings.
The personal saving rate declined in October to its lowest point since 2005. “A lot of people are close to the edge, unfortunately,” an analyst says.
