consumer spending

St. Patrick’s Day in 2017 to Set Record for Economic Impact

It is St. Patrick's Day in 2017. While many of us will be out celebrating at some point on Friday, St. Patrick's Day actually makes for a significant economic contribution. ...
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Student Debt

American Household Debt Almost Back at Pre-Recession Levels

The Federal Reserve Bank of New York's Center for Microeconomic Data has released its reading for the level of household debt for the fourth quarter of 2016. As the headline ...
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Cash register

Are Inflation and Consumer Spending Already Petering Out?

If you grew up any time prior to recent years, you might wonder why on earth anyone ever wants inflation to come back. The reality is far more complex, and the scare ...
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Retail

Personal Income, Spending Flatten in November

The U.S. Department of Commerce's Bureau of Economic Analysis (BEA) reported Thursday morning that personal income increased month over month by less than 0.1% in November, after rising 0.5% in ...
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Christmas disappointment

Many Americans Don’t Like What They Get for Christmas

Often people say they have a friend or relative who is "hard to buy for" as the holidays approach. A subset of that is "people who already have everything they ...
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Snowstorm

Is Cold Weather Good News or Bad for Retail?

A blast of cold Arctic air swept across much of the northern part of the country last week, and an even colder shot is due in the next few days. ...
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Snowstorm

Cold Weather Could Undermine Holiday Sales

The measure of gross domestic product (GDP) for the first quarter of 2014 was wrecked by bad weather, according to many experts, even the White House. An extended period of ...
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coins

The Permanent Death of 99 Cent Gas

Early this year, the price of a gallon of regular gasoline dropped below 99 cents in some parts of the country. Why? Goldman Sachs forecast oil could drop under $20 ...
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Purchasing, Credit Card, Sales Tax Concept

Americans to Add $103 Billion to Personal Debt This Holiday Season

More than 245 million Americans are planning to spend a cumulative total of $181.2 billion during the 2016 holiday season. But nearly two-thirds (64%, or over 157 million people) are ...
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Selecting Ties

Who Really Makes Household Spending Decisions?

When asked who makes the household decisions about buying clothes and groceries and holiday gifts, women overwhelmingly say that they do. Men, however think that they have an equal role ...
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Shoppers

Retail Sales Off to Strong Start in Q4, a Good Sign for GDP

Retail sales managed to grow more than expected in the month of October, rising 0.8% on the headline number. Bloomberg and Dow Jones (Wall Street Journal) both had their consensus ...
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Consumers Look to Rack Up Credit Card Rewards This Holiday Season

The holiday season is just around the corner and consumer spending is ramping up more and more as we approach Black Friday. In fact, a large number of consumers are ...
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Samsung logo

Samsung’s 2.8 Million Washing Machines Recall Could Dwarf Galaxy Note 7 Recall

When things go wrong inside of companies, they often go really wrong. When Samsung's Galaxy Note 7 smartphone started catching on fire, the hope was that they would be fixed. ...
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departures

Thanksgiving Travelers to Hit 27.3 Million

There are roughly 315 million people in the United States. Some are too sick to fly. Some live too far from airports for flying to be practical. However, that leaves ...
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Money close-up

Personal Income Gain Lags as Spending Rises and Savings Rate Drops

The U.S. Department of Commerce's Bureau of Economic Analysis has released one more look at what is happening at the individual level inside the U.S. economy. Personal income and outlays ...
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