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Consumer spending, which accounts for about 70% of U.S. economic activity, accelerated to a 3.5% annual pace last quarter, up from 2.8% in the April-June period and fastest growth since the fourth ...
That income growth brought along increasing consumer purchasing power. In 2023, the median American worker can afford the same goods and services they did in 2019 — and still would have $1,000 left.
Credit card balances grew 10% to $6,501 in the 12 months from Q3 2022 to Q3 2023, as higher interest rates sharply increased in 2023. Consumers were by and large still able to service those ...
WASHINGTON (Reuters) -U.S. consumer confidence increased to a five-month high in December, with Americans growing more optimistic about current and future business conditions as well as the labor ...
Overall consumer prices increased 2.9% from a year earlier, up from 2.7% in November, according to the Labor Department’s consumer price index, a broad measure of goods and services costs.
This is a list of countries by household final consumption expenditure per capita, that is, the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households during one year, divided by the country's average (or mid-year) population for the same year.
November 16, 2023 at 12:03 PM Goldman Sachs chief economist Jan Hatzius admits Americans' excess savings are "clearly" lower now than they were a year ago. But that doesn't mean consumer spending ...
In November, 33.4% of consumers said jobs were "plentiful," down from 34.1% in October. But the number of respondents saying jobs were "hard to get" also fell to 15.2% from 17.6% the month prior ...
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