Bank of America data reveals a stark K-shaped economy as higher-income Americans spend 2.6% more while lower-income ...

The American consumer economy is increasingly powered by a narrow slice of households at the very top of the income ladder. The wealthiest 10 percent now account for roughly half of all spending, a ...

Those top earners, defined as Americans making at least $251,000 in 2024 according to Census data (2), drove 49.2% of ...

August personal income rose 0.4% MoM, driven by service sector wages and transfer payments, but real income growth excluding transfers remains sluggish. Personal consumption expenditures outpaced ...

Spending is still powering the U.S. economy as consumer balance sheets remain healthy. “While some households are clearly under stress, in the aggregate, households are negotiating financially ...

U.S. retail and restaurant sales rose modestly in September as consumers began pulling back after a summer of stronger spending, according to a delayed Commerce Department report released on Tuesday.

Discover how macroeconomics impacts GDP, inflation, and unemployment, and learn how policy decisions shape economic stability ...

Consumers expect to spend $1,595 on average this holiday season, a 10% drop from the year prior, according to a Deloitte survey of 4,270 consumers released Wednesday. Most survey respondents (89%) are ...

Discover how to distinguish between income and price effects in economics and learn methods to calculate each for better ...

Consumers with household incomes above $100,000 are becoming more likely to buy private-label groceries despite saying they are increasingly confident about their financial security, according to ...

Nearly 203 million U.S. shoppers, the highest in nine years, went to retail stores and websites around Thanksgiving, despite ...