Americans still spending on some luxury items
Americans are still buying some luxury items, according to a recent survey from BIGinsight.com. While they’ve tightened their wallets on some splurges like maid service and high-end jewelry, they’re not giving up their electronics, on-demand television or Internet service. “Economic ups and downs have an irrefutable impact on Americans’ spending habits that extends well beyond [...]
Maybe it’s true that every little girl wants to be a princess — at least that’s what they’re choosing for their Halloween costumes. But, when they grow up, they’re choosing to be a witch. This Halloween, American trick-or-treaters, party-goers and pampered pets will dress up as pumpkins, princesses, witches and vampires. And, they will spend [...]
Continue reading …The pace of consumer spending stalled in June and personal incomes failed to increase, further evidence that the economic recovery slowed in the spring. Personal spending was unchanged in June, the Commerce Department reported Tuesday. It was the third straight month of lackluster consumer demand. Incomes were also flat, the weakest showing in nine months. [...]
Continue reading …Stock futures dipped this morning as investors paused after a big two-day rally to prepare for key reports on the jobs market and retail sales. High unemployment and slow growth in consumer spending have been the biggest impediments to a strong, sustained recovery. So Thursday’s weekly government report on initial jobless claims and retailers’ reports [...]
Continue reading …Consumer spending rose in March by the largest amount in five months but the gains were financed out of savings, which fell to the lowest level in 18 months. A slight rise in incomes added to concerns that the recovery could weaken unless income growth increases more rapidly. The Commerce Department said consumer spending rose [...]
Continue reading …WASHINGTON (AP) – The government says consumers increased spending for a second straight month in February even though their incomes slipped due to continuing massive layoffs.The Commerce Department reported Friday that consumer spending edged up 0.2 percent in February, in line with expectations. That follows a huge 1 percent jump in January that was even [...]
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