Consumer spending, the chief engine of economic growth, was not enough to stop an overall pullback in U.S. gross domestic product (GDP). And with evidence of a slowing gains in disposable income, consumers’ appetite to keep spending look set to be tested. Get the Full...
America’s economy is in a better place than previously thought, new Fannie Mae research shows. 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....
The consumer showed up with caution in May, but a low inflation rate added some fuel to the arguments for an interest rate cut. Those were the mixed messages sent from the Bureau of Economic Analysis report released Friday (June 28) on personal income and...
The latest data on personal consumption notes that spending is outpacing the growth in disposable income. 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...
October 17, 2024
America’s economy is in a better place than previously thought, new Fannie Mae research shows. 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 completing this form, you agree to receive marketing communications […]
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...
July 31, 2020
Disposable personal income fell by 1.4 percent in June to $255 billion while personal spending increased $738 billion, a nearly 6 percent rise, according to the Bureau of Economic Analysis, an...
March 03, 2019
Amid the biggest drop in consumer spending since 2009, personal incomes in the U.S. declined for the first time in over three years. The moves began the early part of...
