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Tag: consumer spending

American Consumer Confidence Cracks as the War Cycle Intensifies

Consumer sentiment has fallen to the lowest level ever recorded since the University of Michigan began tracking the data in 1952. The index declined to 44.8 in May...

Britain’s Consumers Are Pulling Back as War and Inflation Collide

The British consumer is beginning to crack under the pressure of rising costs, war fears, and collapsing confidence. New data from Barclays, which processes nearly...

UK Retail Sector Collapse

Britain’s retail sector has just posted the worst collapse in sales in more than 40 years, and this is precisely the type of economic deterioration our models...

Holiday Sales Disappoint

The Commerce Department’s advance retail sales report for December revealed that total US retail receipts were essentially unchanged from November, coming in flat...

US Retail Spending in October Revised Down

October retail sales were flat following a downwardly revised 0.1% rise in September, missing expectations yet again. This is precisely the type of number that gets...

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...