consumer spending Archives - Page 11 of 27

Consumers are spending more on services than on stuff. How long will that last?

by Justin Ho

Jul 6, 2022

Even if growth in services sector spending slows this summer, economists don’t see it stopping any time soon.

People have been spending more money on the service sector than goods.

Octavio Jones/Getty Images

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Consumers dialed back their spending in May, thanks to rising prices and interest rates

by Mitchell Hartman

Jul 4, 2022

The 0.4% drop signals that the Federal Reserve's interest rate hikes are cooling the economy, but there's a greater risk of recession.

Among consumers, an attitude of eager spending may be giving way to concern about household budgets.

Justin Sullivan/Getty Images

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Current economic moment could spell "catastrophe for retailers"

by Stephanie Hughes

Jul 1, 2022

With rising prices, ongoing supply chain issues and the wrong inventory, it's a rough time to be a big-box store.

Kohl's had been in negotiations to be bought by the Franchise Group but decided to end those talks. It's part of an industry that's struggling with difficult conditions.

Justin Sullivan/Getty Images

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Consumers are pulling back on spending. They're also tapping savings and taking on debt.

by Mitchell Hartman

Jun 30, 2022

That's good news for inflation, but it might be bad news when it comes to the risk of a recession.

The price of everything — from groceries and gasoline to discretionary purchases like travel — is going up. As a result, consumers aren't spending as freely.

Frederic J. Brown/AFP via Getty Images

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We're saving less. Will we spend less?

by Sabri Ben-Achour

Jun 14, 2022

After reaching a record high of nearly 34% early in the pandemic, the savings rate has dipped below its pre-pandemic level.

Travelers board a train in Washington, D.C. Partially fueled by pent-up demand for services, consumers are spending down their savings.

Drew Angerer/Getty Images

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Consumers are spending on services again as the pandemic shopping spree for goods cools

by Sabri Ben-Achour

May 31, 2022

People want to get outside and do stuff, not just buy stuff. That's reflected in surging travel bookings — and airfare.

Consumers are still spending on big-ticket, durable goods like furniture. But now demand for services is picking up again.

Brandon Bell/Getty Images

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Despite high prices, pandemic-weary Americans are likely to spend this Memorial Day

by Stephanie Hughes

May 30, 2022

The holiday's staples, like meat and propane, are more expensive. But people are willing to pay more as they gather to celebrate.

Mark Makela/Getty Images

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Consumers are spending up a storm — and spending down their savings

by Mitchell Hartman

May 27, 2022

Even though they're pessimistic about the economy and economists worry about a recession.

Americans are spending more money than they've got coming in each month.

Patrick T. Fallon/AFP via Getty Images

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Consumers have shifted spending away from goods and toward services

by Justin Ho

May 26, 2022

But they'll shift back when goods they want — like cars — become available.

Consumers experiencing economic difficulties may cut back on expenses like dining out, says Washington Post personal finance columnist Michelle Singletary.

Jeenah Moon/Getty Images

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Retailers bulked up their inventories during the worst of the pandemic. Now they're stuck with them.

by Justin Ho

May 19, 2022

Big stores like Walmart and Target didn't foresee consumers pivoting away from shopping and toward going out.

Large retailers like Target and Walmart stocked up on goods — like office furniture or home decor — that shoppers bought during the pandemic. But consumers' spending habits are changing.

Joe Raedle/Getty Images

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Consumer spending

Consumers are spending more on services than on stuff. How long will that last?

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Consumers dialed back their spending in May, thanks to rising prices and interest rates

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Current economic moment could spell "catastrophe for retailers"

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Consumers are pulling back on spending. They're also tapping savings and taking on debt.

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We're saving less. Will we spend less?

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Consumers are spending on services again as the pandemic shopping spree for goods cools

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Despite high prices, pandemic-weary Americans are likely to spend this Memorial Day

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For public good, not for profit.

Consumers are spending up a storm — and spending down their savings

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Consumers have shifted spending away from goods and toward services

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Retailers bulked up their inventories during the worst of the pandemic. Now they're stuck with them.

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