McKinsey's ConsumerWise team breaks out the state of US consumer spending in 2024. Read the annual report for the latest data, trends, and insights.
(f) a banking system that does not have a credit culture or expertise because its traditional function had been merely to act as a cash manager/fiscal agent for government policy, rather than market based lenders; (g) ineffective means of enforcing debt collection; (h) no clear laws on ...
Consumers are feeling cheerier than they have all year, but that doesn’t mean they will spend with abandon. Here’s the latest research from our ConsumerWise team. ByBecca Coggins,Christina Adams, andKari Alldredge In the fourth quarter of 2024,US consumer optimism reached its highest...