Tag: Consumer Spending Figures

Opinion: The best way to have plenty of money in retirement

If you want a financially comfortable retirement with ample money available, you need to take two basic steps. First, save plenty while you’re still working. Second, withdraw the money in a way that will be unlikely to leave you out of money before you run out of life. In a recent article I described how […]

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Millions of Americans live paycheck to paycheck

More evidence that the past year has been one like no other. Direct payments from the $1.9-trillion American Rescue Plan started rolling out this month, with more to come this week. The law authorizes $1,400 checks per person in households that make less than $75,000 for individuals and $150,000 for married couples filing jointly. The […]

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Opinion: Don’t expect an economic boom, because there’s little pent-up consumer demand

NEW HAVEN, Conn. (Project Syndicate)—As the second vaccine shot went into my arm, I could almost taste the instant gratification of deferred desires. Having done without for nearly a year, it was time to indulge. While I was lucky enough—actually, old enough—to be included in the first wave of inoculations, the rest of America is […]

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Consumer credit growth slows in December

The numbers: U.S. consumer borrowing grew at a slower pace in December, ending a year when the coronavirus pandemic kept spending in check. Total consumer credit increased $9.7 billion to $4.18 trillion in December. That’s a 2.8% annual growth rate and follows a revised 4% growth rate in the prior month, according to Federal Reserve […]

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