Consumer Spending

Don’t Count On ‘Revenge Spending’ Post-Crisis
Don’t Count On ‘Revenge Spending’ Post-Crisis
April 08, 2020  |  Retail

Revenge spending. It has a nice ring for retailers battered by the COVID-19 pandemic. In fact any kind of spending has a nice ring, but...

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Most Consumers Think COVID Will Last 2.25 Times Longer Than Their Cash
Most Consumers Think COVID Will Last 2.25 Times Longer Than Their Cash
April 07, 2020  |  Economy

Before the COVID-19 pandemic, the standard narrative goes, the U.S. economy was running full steam ahead, with record employment levels, wages on the rise and...

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eCommerce Numbers Spike Across Categories
eCommerce Numbers Spike Across Categories
April 07, 2020  |  Retail

As March sales and earnings reports start to show up this week, new data indicate that eCommerce sales for essential and nonessential retail will show...

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NY Fed Sees Consumer Expectations Slide On COVID-19
NY Fed Sees Consumer Expectations Slide On COVID-19
April 06, 2020  |  Economy

A March survey of consumer expectations by the Federal Reserve Bank of New York released Monday (April 6) found mounting worries over job losses, debt...

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Automakers Push Payments Off 120 Days To Jump Start New Car Sales
Automakers Push Payments Off 120 Days To Jump Start New Car Sales
March 31, 2020  |  Coronavirus

Necessity, as they say, is the mother of invention. COVID-19 is spurring firms that rely on consumer spending, and on lending to finance big-ticket purchases,...

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Consumers Choose Debit As Preferred Payment Amid Coronavirus
Consumers Choose Debit As Preferred Payment Amid Coronavirus
March 30, 2020  |  Credit Unions

Amid the coronavirus pandemic, PSCU compared transactions of its owner credit union members on a same-store basis between March 2019 and March 2020. The payments...

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eCommerce Filling Only Small Part Of ‘Retail Gap’
eCommerce Filling Only Small Part Of ‘Retail Gap’
March 29, 2020  |  eCommerce

Call it the retail gap that eCommerce can only partly fill. Earlier this month, a record number of Americans — 3.3 million — filed for...

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US Spending Slows, Consumer Sentiment Hits Record Low
US Spending Slows, Consumer Sentiment Hits Record Low
March 27, 2020  |  Economy

Consumer sentiment in the U.S. is down to a three-and-a-half-year low due to the effects of the coronavirus and social distancing measures, and consumer spending...

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The 11 Days That Changed The Consumer’s COVID-19 Mindset
The 11 Days That Changed The Consumer’s COVID-19 Mindset
March 23, 2020  |  Coronavirus

Thursday, March 19 was the first day of spring in the U.S. — a season that is symbolic of rebirth and renewal after a long,...

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