U.S. consumer spending surged to its highest level in three years during February, but the gains mask a deeper divide between wealthy and lower-income Americans, according to new data from the Bank of ...
WASHINGTON — U.S. consumer spending increased solidly in November and October, likely keeping the economy on track for a third straight quarter of strong growth. Consumer spending, which accounts for ...
The Barcode Group reports that rising costs and stagnant wages shift consumer focus to exclusive retail and discount shopping, as disposable income struggles to keep pace.
Sales were flat in both December and January, though widespread January storms likely hindered spending.
Americans showed no sign of slowing their spending momentum early in the holiday season, which could provide a much-needed boost to fourth-quarter economic growth. Retail sales rose 0.6% in November ...