Americans continue to spend despite naming the economy and …

Nov 15, 2024 · Americans continue to spend despite naming the economy and inflation as top election concerns. A 1.6% jump in sales at auto dealers drove much of the gain of consumer spending in October

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Americans Continue To Spend Despite Naming The Economy And …

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US Consumers Keep Spending Despite High Prices And Their Own …

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Oct 30, 2023 · Spending by consumers rose by a brisk 0.4% in September the government said Friday — even after adjusting for inflation and even as Americans face ever-higher borrowing …

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Americans Continue To Spend Despite Naming The Economy And …

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Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy's steady growth. Retail sales rose 0.4% from …

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Wealthier Americans Are Driving Retail Spending And Powering US …

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Oct 18, 2024 · On Thursday, the Commerce Department reported that retail sales in the United States rose 0.4% from August to September, a solid gain that suggested that shoppers are …

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U.S. Consumers Increased Holiday Spending This Year Even As They …

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6 days ago · Consumer spending accounts for nearly 70% of U.S. economic activity and economists carefully monitor how Americans use their money, particularly during the holidays, …

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FAQs about Americans continue to spend despite naming the economy and … Coupon?

What's going on in the US economy?

Something unexpected is going on in the U.S. economy. Inflation remains high, yet many Americans went on a spending spree last month, eating out at restaurants and shopping for cars. In ordinary times, that additional spending would be welcome news to an economy that's heavily dependent on consumer dollars. ...

Will consumer spending continue?

Spending by consumers rose by a brisk 0.4% in September the government said Friday — even after adjusting for inflation and even as Americans face ever-higher borrowing costs. Economists caution that such vigorous spending isn’t likely to continue in the coming months. Many households have been pulling money from a shrinking pool of savings. ...

How did US consumer spending perform in 2023?

US consumer spending held up remarkably well throughout 2023, with the post-pandemic spending spree not abating despite high inflation. Consumers dug into their pandemic savings and relied heavily on credit to maintain their spending levels. ...

How good was consumer spending last month?

Consumer spending was unexpectedly strong last month. That's good for the economy – but not so good for inflation prospects. Something unexpected is going on in the U.S. economy. Inflation remains high, yet many Americans went on a spending spree last month, eating out at restaurants and shopping for cars. ...

Why are Americans spending so much on durable goods?

In the July-September quarter, Americans ramped up spending on durable goods — furniture, appliances, jewelry and luggage — that people typically cut back on if they’re worried about their jobs or the economy. ...

Will the US economy go into a recession?

The drag has begun and will likely worsen over the next few months, but probably won’t tip the US economy into a recession. US consumer spending held up remarkably well throughout 2023, with the post-pandemic spending spree not abating despite high inflation. ...