by Olivya Veazey | Apr 30, 2025 | Personal Income, Uncategorized
When the Commerce Department releases their monthly Personal Income Report tomorrow, it will help us understand how consumers and businesses are responding to an unpredictable economy: saving, spending, and sometimes both. Most economists expect that consumer spending...
by Olivya Veazey | Apr 9, 2025 | Inflation, Personal Income
Despite relatively strong income growth, American consumers are still reluctant to spend as they wait to see the full impact of cuts to federal programs, tariffs, and long-lingering inflation. Consumer spending increased 0.4% in February, a rebound from January’s 0.2%...
by Olivya Veazey | Apr 2, 2025 | Personal Income
When Malick completed his first day of work in the U.S. demolishing a house, he immediately took all the cash he had been paid and sent it to his mother, father, children, and other family members in rural Mauritania and in Senegal. Malick, 39, was part of a group of...
by Olivya Veazey | Mar 3, 2025 | Featured, Personal Income
NEW YORK — Amid mounting fears about confidence in the economy, new data on household spending presents a grim reality: consumer spending dipped in January, suggesting that uncertainty is translating into tighter purse strings. Households decreased spending by 0.2...
