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U.S. consumer spending rose at the fastest pace in nine months while incomes soared by a record amount in March.
The numbers are a snapshot of March, when many Americans were spending freshly received stimulus checks.
We check in with three economic historians on what to expect in the post-pandemic era.
A Federal Reserve report found consumers are mostly saving the payment. When more Americans are vaccinated, they might spend more.
There is a lot of pent-up demand for experiences after a year of isolation.
The worst off are likely to use them to fend off economic disaster. The best off may well splurge.
Deals and other offers are likely to appear online, where people have already been shopping during the pandemic.
The consumer-products giant will no longer use the term to describe skin or hair care brands such as Dove, Axe and Vaseline.
Money can’t buy happiness, but that’s never stopped anyone from trying.
Lenders aren’t quite as nervous about consumer finances anymore, and they’re anticipating a boom in consumer spending.