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It looks like consumers will continue to splurge over the summer. And after that?
Sure, we’re putting some purchases on credit cards, but we’re still not getting out the plastic for big travel expenses.
Two-thirds of consumers are still hesitant to regularly venture out of their homes, but that doesn’t mean they won’t be spending.
Wall Street Journal reporter Sarah Chaney Cambon notes that unvaccinated people are outspending the vaccinated.
But considering what we’re comparing them to — the stimulus-fueled month of March — that’s not so bad.
U.S. consumer spending rose at the fastest pace in nine months while incomes soared by a record amount in March.
The numbers are a snapshot of March, when many Americans were spending freshly received stimulus checks.
We check in with three economic historians on what to expect in the post-pandemic era.
A Federal Reserve report found consumers are mostly saving the payment. When more Americans are vaccinated, they might spend more.
There is a lot of pent-up demand for experiences after a year of isolation.