Spending intentions in some discretionary categories such as restaurants have shown strengthening overall since the start of 2024, but they still remain below 2021 levels (figure 4). Retail sales fell by 0.5% in January, the first contraction in nine months (figure 7). Notes: In figure 1, De...
(2009). Consumer debt and the measurement of poverty and inequality in the US. Review of Social Economy, 67(2), 127-148.Consumer Debt and the Measurement of Poverty and Inequality in the US*[J] . Steven Pressman,Robert Scott.Review of Social Economy . 2009 (2)...
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 inflation, the depletion of personal savings, and perceived weakness in the labor market. These concerns left consumers...
but spending intentions across demographic groups nevertheless remained mixed. These shifts underscored different priorities across age groups and income levels. As economic data continues to fluctuate—for instance, inflation rose above economists’ expectations in January—consumer players should...
Consumer debt rose in the final months of 2012 for the first time in four years, a sign that Americans may be starting to reach the end of cutting back on credit, New York Federal Reserve reported Thursday.
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The nation’s total revolving debt—mainly credit card debt—grew by $152 million in March, a dramatic slowdown from the $10.7 billion added in February, and the smallest increase since April 2021, as the chart below shows. Overall consumer debt, a measure that includes things like auto and...
Throughout this paper, we use the term “debt-to-output” and “debt-to-GNP” interchangeably, since our measurement of output is GNP plus service flows from consumer durables and government capital. Our model is similar to the ones used in Cole and Ohanian (1999), Hayashi and Prescott (...
The former first woman Senator from New York state also underscored the importance of higher education to prepare young people for tomorrow and said, “Education at all levels is the key to the continuing effort for economic and social equality and justice. And higher education is very important...
In 2023 dollars, credit card debt per capita more closely mirrors levels right before the pandemic. ConsumerSignals collection Read more from the Deloitte Consumer Industry Center's ConsumerSignals collection.Demographically, if more Americans were leaning on credit c...