consumer spending
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PublishedMarch 29, 2024
COVID-19 changed how we spend: More splurging, less saving
The pandemic nudged Americans toward spending more, especially on experiences.
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PublishedFebruary 5, 2024
Some Americans are saddled with credit card debt as rent and everyday prices remain high
Noticeable pockets of Americans – renters, and lower- and middle-income borrowers – are running up their credit cards balances, and increasing numbers are falling behind on their debts.
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PublishedDecember 26, 2023
Americans spent more during the holidays despite some financial anxiety
This year's sales are in line with what is typical during the holiday season.
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PublishedNovember 18, 2023
Consumers tighten spending habits ahead of holiday shopping season
Major retailers say their customers over the last three months have pulled back from high-ticket purchases, focused on essentials, and held out for deals.
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PublishedNovember 1, 2023
Good news: Maine heating prices stable heading into the winter
Oil and propane currently cost less than the record highs in 2022, but world conflicts could affect prices after the first of the year, experts say.
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PublishedOctober 25, 2023
Interest rate on retail credit cards hits 30% as holiday shopping season starts
Tempted to use that store credit card on holiday purchases? Don't, unless you immediately pay off the balance. Otherwise, consumers are looking at 30% interest – or more.
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PublishedSeptember 11, 2023
The mighty American consumer is about to hit a wall, investors say
Delinquency rates on credit cards and auto loans are rising, as households feel the financial squeeze after the Fed raised interest rates by more than 5 percentage points.