The push and pull of various pressures — inflation, tariffs and worries about the general state of affairs — has shown up in several economic reports released Friday (March 28). A connecting of the dots indicates that consumer spending was anemic, in real terms, as...
The latest data on fourth quarter gross domestic product indicates a general “headline number” slowdown. But underneath the hood, consumer spending is the engine pulling the train, and though spending’s been volatile, consumer expenditures rebounded a bit in the last three months of the year,...
European consumers are saving at higher rates than before COVID as their American counterparts spend. As the Financial Times (FT) noted in a report Sunday (Oct. 6), savings in both Europe and the U.S. jumped during the pandemic when people were confined to their homes....
At a time when the market expects interest rates to continue dropping, the United Kingdom’s Financial Conduct Authority (FCA) is cautioning banks and building societies about lowering the rates they offer on consumers’ savings faster than they raised them. The regulator said in an update...
July 25, 2024
The newest reading on gross domestic product (GDP) — for the second quarter, only a few weeks in the books — shows a quickening pace of growth. And, yes, consumers are still spending, but the pace is slowing. Savings and disposable income growth rates are slowing, too, indicating that the 2.8% annualized pace seen in […]
May 24, 2024
Generation X consumers, baby boomers and seniors all allocate more than 60% of their monthly incomes to housing, supplies and other regular bills. Generation Z consumers, meanwhile, allot just 47%...
March 04, 2024
Consumers are now saving less money for the proverbial rainy day than they were a year ago. The personal savings rate in January was 3.8%, which was higher than December’s 3.7% but...
March 01, 2024
The rise of the gig economy has transformed work for millions of individuals. From freelance creatives to ridesharing drivers, gig workers are pursuing financial independence on their terms, redefining the...
October 06, 2024
European consumers are saving at higher rates than before COVID as their American counterparts spend. As the Financial Times (FT) noted in a report Sunday (Oct. 6), savings in both Europe and the U.S. jumped during the pandemic when people were confined to their homes. However, Americans have since upped their spending, while Russia’s invasion […]
September 18, 2024
At a time when the market expects interest rates to continue dropping, the United Kingdom’s Financial Conduct Authority (FCA) is cautioning banks and building societies about lowering the rates they...
September 13, 2024
More consumers are making their loan payments on time, aided by slower inflation and other trends. Late payments on loans have leveled off after increasing earlier in the year, Reuters...
September 04, 2024
U.S. Bank is introducing a pair of savings and credit rewards products. Released under the bank’s Bank Smartly program, these offerings are designed to work in tandem to let users...
