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Stores and manufacturers are slimming down product selection in response to shopper behavior.
Ultimately, this money is a bridge until the virus is under control.
With stimulus checks long gone and unemployment benefits running out, many consumers are less willing to spend.
Economists expect moderate GDP growth in the fourth quarter, after a fall where consumer spending gave some businesses a boost.
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.
