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Tag: consumer spending

Americans Charged $1 Billion to Buy Now Pay Later Platforms over Black Friday

The private debt crisis, coupled with a consumer-based economy, is a recipe for disaster. Americans followed the age-old thinking of “buy now if it will cost more...

Black Friday Shoppers Prepared to Take on Debt

Retailers are predicting a slight decline in Black Friday/Cyber Monday sales, an early indication of holiday-season spending and Q4 sales. Total sales in the US...

Prevalent Poverty Amid Robust Consumer Spending

  Question: Martin, I wanted to share something that happened at church this Sunday. A deacon from a nearby town came to visit. His congregation is in a...

Seasonal Hires Reach 16-Year Low

Seasonal retail hiring may plummet to the lowest level since 2009. Job placement firm Challenger, Gray & Christmas expects retailers to add under 500,000...

Consumer Sentiment Not Indicative of Consumer Spending

Consumer sentiment remained elevated for the second consecutive month but remains worse than in December 2024, according to the University of Michigan’s Surveys...

Retail and Tech Jobs At-Risk in the US

US employers have reduced their workforce more in the first seven months of 2025 than in all of 2024. The DOGE cuts to the public sector were the primary driver of...

43% of Americans Near Poverty Place Essential Purchases on Credit

The PYMNTS Intelligence report “Financial Lifestyles Shape Credit Reliance” revealed that American consumers are struggling to afford the basic essentials....

The Consumer Economy

The US represents only 5% of the global population, and yet, Americans are responsible for 25% of all global consumption. Americans consume around 25% of the...

Americans Delay Major Purchases Over Tariff Fears

  Consumer confidence has tanked due to tariff fears. A Redfin survey conducted from April 10 to 14 found that nearly a quarter (24%) of American respondents...

Transitory Tariff Inflation?

Fed Chair Jerome Powell said he expects inflation to be “transitory,” a word reminiscent of America’s situation three years ago when the Fed repeatedly urged...