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Many American firms are looking to Chinese consumers to keep them afloat, but many of those consumers are trying to keep themselves afloat.
But the uncertainty of this holiday season could give small, local businesses an edge if they offer last-minute shopping options.
As people spend less time outdoors, will they keep shopping at places like Home Depot and Lowe’s?
It doesn’t look good, considering the pandemic is still raging and there’s no additional federal relief yet.
Though rising stock and home values have helped older workers and retirees, they have less time to make up for financial losses.
New COVID-19 cases are on the rise, but so is people’s willingness to go out.
Retail sales jumped nearly 2% in September, but it’s hard to exactly say why.
Spending continues to grow, but at a slower pace. And some expect it to level off altogether in the coming quarter.
Many credit card companies are launching new cards to capitalize on shifting consumer spending.
The pandemic isn’t abating and consumers are wary of the future, economists at The Conference Board say.