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Stories Tagged as

Consumer spending

COVID-19

Business economists predict tough winter before 2021 rebound

by Meghan McCarty Carino
Dec 7, 2020
Economists expect moderate GDP growth in the fourth quarter, after a fall where consumer spending gave some businesses a boost.
A new survey from the National Association for Business Economists predicts just moderate economic growth in the last quarter of 2020.
Tolga Akmen/AFP via Getty Images
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COVID-19

Can U.S. businesses count on Chinese consumers?

by Jennifer Pak
Dec 1, 2020
Many American firms are looking to Chinese consumers to keep them afloat, but many of those consumers are trying to keep themselves afloat.
A U.S. startup company hopes Chinese consumers will buy its plant-based egg product. For some, though, cost is a factor.
Courtesy of Eat Just
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COVID-19

Online shopping uptick expected to continue for holidays

by Samantha Fields
Nov 26, 2020
But the uncertainty of this holiday season could give small, local businesses an edge if they offer last-minute shopping options.
Michael Loccisano/Getty Images for Housing Works
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COVID-19

Winter is coming for home improvement retailers

by Andy Uhler
Nov 18, 2020
As people spend less time outdoors, will they keep shopping at places like Home Depot and Lowe's?
A shopper pushes her cart while people wait in line to enter a Home Depot in Marina del Rey, California, earlier this year.
Chris Delmas/AFP via Getty Images
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COVID-19

What happens to consumer spending next in the stop-and-go COVID-19 economy?

by Marielle Segarra
Nov 5, 2020
It doesn't look good, considering the pandemic is still raging and there's no additional federal relief yet.
A man waits for his lunch order at relatively empty Grand Central Market in downtown Los Angeles in June.
Frederic J. Brown/AFP via Getty Images
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COVID-19

Older consumers may be less inclined to go out and spend as the pandemic continues

by Mitchell Hartman
Oct 28, 2020
Though rising stock and home values have helped older workers and retirees, they have less time to make up for financial losses.
Older Americans are also more leery of going out in the pandemic to shop at the mall, go to the gym or take a trip, according to data from research firm Morning Consult.
Dia Dipasupil/Getty Images
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COVID-19

Virus fatigue is changing people's risk tolerance

by Mitchell Hartman
Oct 26, 2020
New COVID-19 cases are on the rise, but so is people's willingness to go out.
Kena Betancur/Getty Images
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COVID-19

How long can consumers keep spending?

by Marielle Segarra
Oct 16, 2020
Retail sales jumped nearly 2% in September, but it's hard to exactly say why.
One economist says without more federal stimulus, we're risking a double-dip recession.
Robyn Beck/AFP via Getty Images
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COVID-19

The devil is in the details when it comes to rising retail sales

by Sabri Ben-Achour
Sep 16, 2020
Spending continues to grow, but at a slower pace. And some expect it to level off altogether in the coming quarter.
Patrons dine at an outdoor restaurant in downtown San Diego, California, in July.
Sandy Huffaker/AFP via Getty Images
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Credit card companies need people to spend

by Justin Ho
Aug 31, 2020
Many credit card companies are launching new cards to capitalize on shifting consumer spending.
A customer signs a credit card receipt at an ice cream parlor. Card balances dropped by $76 billion in the second quarter.
Chris Graythen/Getty Images
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