Do the math. A staggering $92 billion could vanish from the American economy annually as consumers tighten their belts in response to the economic uncertainty created by the Trump administration’s global trade policies. As Karen Webster noted in a recent column, this isn’t a projection...
There’s increasing evidence that consumers are triaging their spending — picking and choosing where they will (or even can) allocate their money as tariffs and macro uncertainty cloud near-term economic horizons. The latest data on retail sales show that in February, per the initial reading...
U.S. corporate bankruptcies are at a level not seen since the early days of COVID. So far this year, there have been 346 business bankruptcy filings in the U.S., Seeking Alpha reported Saturday (July 13), citing S&P Global Market Intelligence data. Last month’s filings were...
Economic data frequently comes in stages: There’s the initial estimate, and then a revision. And in the newest reading of how U.S. gross domestic product (GDP) fared in the first quarter, the Bureau of Economic Analysis indicated that the slowdown was more pronounced than initially...
March 17, 2025
There’s increasing evidence that consumers are triaging their spending — picking and choosing where they will (or even can) allocate their money as tariffs and macro uncertainty cloud near-term economic horizons. The latest data on retail sales show that in February, per the initial reading from the Census Bureau indicate that retail sales were up […]
April 18, 2024
According to PYMNTS Intelligence, 62% of U.S. consumers now live paycheck to paycheck, and that includes 48% of consumers earning more than $100,000 annually. In other words, higher incomes do...
December 20, 2023
Gen Z, born in the late 1990s, is considered the first digitally native generation, with a greater inclination toward online shopping and digital activities and an adopter of social media...
September 14, 2023
Living paycheck to paycheck is a harsh reality for millions of individuals in the U.S., and nonessential spending plays a key role in adding to the financial burden on these...
May 11, 2025
New research from Bank of America (BofA) shows consumer spending slowing for all income levels. That data, released by the Bank of America Institute on Friday (May 9), shows that consumer spending on inessentials has been declining since the year began. “The gradual easing in consumer spending momentum is not just due to lower inflation — […]
July 14, 2024
U.S. corporate bankruptcies are at a level not seen since the early days of COVID. So far this year, there have been 346 business bankruptcy filings in the U.S., Seeking...
September 10, 2023
This week, Apple will unveil new products that include the fifteenth iteration of its iPhone. And as a Bloomberg News report Sunday (Sept. 10) notes, that company will once again...
June 19, 2023
Clothing brands are reportedly cutting back on orders in anticipation of weakening sales. As Bloomberg News reported Friday (June 16), factory owners say they’ve seen significant declines in retailers’ holiday...