Americans continue to spend — even as credit card and student loan payments loom

Aug 15, 2023
The July retail sales report found that Americans are spending more than last year in most categories. Will that be a problem?
Retail sales climbed for the fourth straight month in July.
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Why do consumers keep on spending — even when they don't have the cash?

Aug 14, 2023
Households feel their finances have been improving, the New York Fed says. But Americans appear to be racking up more credit card debt.
Analysts are looking at consumers' motivations for robust spending despite high prices and mounting debt. Per one theory, the feeling of surviving hardship and unpredictability has made them more confident.  
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Workers are being more productive, a good sign for low-inflation growth

Aug 3, 2023
The Labor Department says worker output is up while average hours worked is down. That could help bring down inflation going forward.
Worker output climbed in the second quarter as economic growth picked up.
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Wage growth may be slowing, but consumers still have the power to spend

Jul 28, 2023
Wages are rising faster than prices. So on average, people’s purchasing power is increasing.
Purchasing power has increased because prices have been rising more slowly, said economist Preston Mui.
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Will inflation make consumers abandon their favorite brands?

Jul 28, 2023
Consumers have been sticking with Procter & Gamble. But if high prices make shoppers trade down, the company has products for them too.
Procter & Gamble, maker of Tide detergent and many other consumer products, is cautious about its outlook for 2024.
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People are spending less on things — and more on fun

May 24, 2023
Consumers at almost every income level are finding ways to spend on getting out of the house.
Despite inflation, consumers have continued to spend on dining out, travel and other fun.
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April retail sales data add confusion to an already confusing economy

May 16, 2023
Between the pandemic and its economic ripple effects, the consumer experience has been a wild ride.
While consumers are cutting back on buying big-ticket items like appliances, there’s still pent-up demand for services.
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GDP growth in the U.S. was sluggish last quarter

Apr 27, 2023
Inflation was up and inventories down, but consumer spending kept GDP growing — albeit at a slower pace.
Consumers are still buying things, but "inflation wears you down," warns Morning Consult's John Leer.
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Layoffs signal retailers are adjusting to more sharp turns

Apr 17, 2023
Retailers like Walmart and Best Buy are cutting staff as consumers pull back on discretionary spending.
Retail sales had a weak showing in March, and stores like Best Buy and Walmart are laying off workers.
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According to a recent report from Ipsos, consumers are slightly uncertain about the future of the economy, even though consumer spending hasn't eased in the face of high interest rates and prices.
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