by Francisco Velasquez | Apr 15, 2021 | Featured, Personal Income, Retail
The Commerce Department will release the advance retail sales report for March on April 15 at 8:30 am ET. Economists expect strong gains to persist, a signal the recovery is gaining steam as vaccine rollout accelerates and restrictions ease. Here are five things to...
by Allison Nicole Smith | Mar 29, 2021 | Featured, Personal Income
Waning federal aid and severe winter storms curtailed spending last month, but Americans are poised to reopen their wallets as vaccinations progress and more stimulus money lifts household incomes. Consumer spending dropped 1 percent in February, slightly more than...
by Allison Nicole Smith | Mar 1, 2021 | Featured, Personal Income
Pandemic relief lifted U.S. household incomes to historic heights, and consumers boosted retail spending to its largest increase in seven months, signaling early signs of economic recovery. Household income spiked 10 percent in January, the Commerce Department...
by Korey Matthews | May 25, 2020 | Employment, Personal Income
Two States Doing Badly and Two Doing Better Show the Economic Disparity of Coronavirus By Korey Mathews and Sonya Swink Every state in the US is facing its worst economic downturn since the Great Depression, with payrolls going down and unemployment going up in April,...
by Max Zahn | Apr 6, 2018 | Personal Income
Americans stashed rather than spent their initial earnings boost from the recently passed Republican tax cuts, putting off the economic surge many onlookers expected. Consumer spending grew at a sluggish 0.2 percent pace in February, the first month companies adjusted...
by Max Zahn | Mar 5, 2018 | Personal Income
The Trump tax cuts spurred a sharp increase in Americans’ take-home pay at the outset of 2018. After-tax income grew at a rate of 0.9 percent in January, the fastest growth of any month since December 2012, according to a report released by the Bureau of Economic...