Credit card debt set to hit record levels as consumer holiday spending rises
The National Retail Federation reported last week that spending between Nov. 1 and Dec. 31 is “clearly on track” to reach a ...
Holiday Sales Reveal a Split in Consumer Spending
Gains were ​driven by households earning $100,000​ or more, while retailers and brands ​experienced a pullback by ...
Upbeat Holiday Spending Reflected Consumer Strength, Mastercard Says
Excluding car sales, consumer holiday spending rose 3.8% year over year, according to Mastercard SpendingPulse, higher than ...
Pet ownership is up. So is consumer spending on dogs, cats for the holidays.
Pet ownership has skyrocketed in the last three decades. Here's why we are willing to spend so much of our paycheck on them.
Holiday shoppers shelled out more on gifts, restaurants, and decor this year
Consumers were “willing and able to spend but driven by a search for value,” including on Black Friday and Cyber Monday, said ...
Holiday shoppers increased spending by 3.8% despite higher prices
New data shows holiday sales rose this year even as Americans wrestled with still high prices in many grocery necessities and ...
Holiday shopping surges, flexing strength of US economy
The holiday sales growth suggests the U.S. economy has remained robust, even amid high borrowing costs. Gross domestic ...
What 2025 holds for interest rates, inflation and the American consumer
Some people expected a downturn in 2022 -- and again in 2023 and 2024 -- due to the Federal Reserve's hawkish interest-rate ...
US consumer spending up in November; monthly inflation subsides
Consumer spending, which accounts for more than two-thirds of US economic activity, rose 0.4%. Read more at straitstimes.com.
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US consumer spending rises; inflation showing progress
US consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy’s ...