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Consumers are still spending, but that looks a little different now than it has the past few years.
Retail sales were soft but not terrible in June. More importantly they are at least keeping up with inflation, and don’t foreshadow a recession.
Inflation was up and inventories down, but consumer spending kept GDP growing — albeit at a slower pace.
Retailers’ financial results show weaker spending on nonnecessities like electronics. Here’s where consumers are pulling back.
Data released this week shows there’s a disconnect between what people say and what they do.
After saving or investing around 40% of her income, Abigail Gomez has money left over for luxuries.
Here’s a look at why American companies are making more money, and how they’re spending it.
Although they’re contending with inflation and economic uncertainty, they continue to rack up debt and burn through their savings.
Reports from banks like JPMorgan and consumer companies like PepsiCo can reveal spending trends and signal what businesses see coming.
As we wait for a recession to happen or inflation to come down, we’re postponing big decisions. The economy feels it.