economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.
Gen Z Alone in Reporting Improved Finances This Year
Gen Z Alone in Reporting Improved Finances This Year
December 08, 2023  |  Consumer Finance

The unemployment rate is at pre-pandemic levels and inflation has dropped from 9.1% in July 2022 to 3.2% in October 2023, according to the Bureau...

READ MORE >
Credit Growth Slows but Consumers Still Turn to Cards for Spending Power
Credit Growth Slows but Consumers Still Turn to Cards for Spending Power
December 08, 2023  |  Consumer Finance

Higher rates are proving to be headwind to borrowing, per the Federal Reserve’s latest stats. But growth is still growth and consumers are still tapping...

READ MORE >
Luxury Brands Seek Discreet Ways to Move Goods During Slowdown
Luxury Brands Seek Discreet Ways to Move Goods During Slowdown
December 08, 2023  |  Retail

The luxury industry is reportedly facing a slowdown as shoppers sober up after their pandemic spending spree. This slowdown has left luxury brands with a...

READ MORE >
Grocery Shoppers’ Budget Strategies May Outlast Inflation
Grocery Shoppers’ Budget Strategies May Outlast Inflation
December 08, 2023  |  Consumer Finance

When household finances are tight, consumers use various strategies to manage their budgets and make ends meet. This behavior applies to every spending category, from...

READ MORE >
Banxico Says Mexico’s Financial System Remains Resilient
Banxico Says Mexico’s Financial System Remains Resilient
December 06, 2023  |  Banking

Mexico’s central bank has found that the country’s financial system remains resilient and stable despite the challenges posed by the complex global economic landscape. In...

READ MORE >
Holiday Shoppers May Pull Back Spending Despite Strong Black Friday
Holiday Shoppers May Pull Back Spending Despite Strong Black Friday
December 06, 2023  |  Consumer Insights

Before the start of the holiday shopping season, market research data suggested there would be generalized cost cutting across all spending categories and demographic groups....

READ MORE >
ADP: Pay Hikes for Job Switchers Hits Three-Year Low
ADP: Pay Hikes for Job Switchers Hits Three-Year Low
December 06, 2023  |  Economy

Workers hoping to switch jobs for a pay increase are in for some unpleasant news. That’s according to the latest employment report from ADP, released Wednesday (Dec. 6)...

READ MORE >
Bank Regulators Increase Scrutiny of Lenders’ Risk Management Practices 
Bank Regulators Increase Scrutiny of Lenders’ Risk Management Practices 
December 06, 2023  |  Bank Regulation

In an effort to prevent bank failures, U.S. bank supervisors have reportedly increased scrutiny of lenders’ risk management practices and are taking disciplinary action.  This...

READ MORE >
Clothing Subscriptions Shed Members as Economic Challenges Demand Reprioritization
Clothing Subscriptions Shed Members as Economic Challenges Demand Reprioritization
December 06, 2023  |  Subscriptions

Across the clothing subscription industry, key players are losing members as they turn their focus to driving more revenue from their existing users. Take, for...

READ MORE >