Data on personal income, spending and saving released Friday (June 27) from the Bureau of Economic Analysis painted a portrait of a pinched consumer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Consumer spending — the engine that drives the U.S. economy — is flagging, helping to reverse what seemed like relentless growth in gross domestic product (GDP) in previous quarters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
April’s data on inflation and consumer activity show slowing price increases, a boost to savings and a deceleration in spending, too. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Tariffs are in limbo. GDP is shrinking. CEOs are pessimistic. And consumers are caught in the middle of all the uncertainty, buffeted by rising prices and an uncertain employment picture. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
June 27, 2025
Data on personal income, spending and saving released Friday (June 27) from the Bureau of Economic Analysis painted a portrait of a pinched consumer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS […]
November 27, 2024
The Bureau of Economic Analysis confirmed Wednesday (Nov. 27) that third-quarter GDP grew at a 2.8% rate, unchanged from a previous estimate. Get the Full Story Complete the form to...
October 30, 2024
It’s a truism that as the U.S. consumer goes, so goes the economy. And consumers are still opening their wallets and purses, tapping to pay, clicking to pay, swiping their...
September 02, 2024
The reality is that inflation is cooling. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
July 31, 2025
Both incomes and consumer spending increased in June, according to estimates released Thursday (July 31) by the Bureau of Economic Analysis (BEA). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By […]
May 30, 2024
Brian Moynihan, CEO of Bank of America, said higher inflation and interest rates have dampened consumer and business spending this year. Get the Full Story Complete the form to unlock...
October 26, 2023
Strong consumer spending this summer helped drive economic growth in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
June 30, 2023
Consumer spending continued to drop in May as U.S. households curtailed spending and boosted their savings. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
