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.
while 34 percent said they would not be able to make payments at all.38 Earlier in the year, credit card debt reached an all-time high of $1.03 trillion, according to central bank research, with high interest rates and financing charges also contributing to headwinds.39 In...
US consumer confidence dips as inflationary concerns intensify. Here’s the latest research from our ConsumerWise team. In the second quarterof 2024, US consumer optimism fell, mirroring levels seen at the end of 2023. Economic pessimism grew slightly, fueled by concerns over infla...
of Electrical Engineering and Computer Science, University of Cincinnati, Cincinnati, OH 45221, USA; delnitin@gmail.com 3 Department of Computer Science and Engineering, Dev Bhoomi Institute of Technology, Dehradun 248007, India * Correspondence: sumitnadar@gmail.com or sumit.kumar@abesit.in (S.K...