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Not surprisingly, the 2024 holiday season saw a sharp increase in doom spending. Members of Gen Z said they planned to spend 21% more than in the previous year, according to an October 2024 stud y ...
GDP growth in 2024 significantly outpaced other advanced economies, fueled by robust consumer spending. The third quarter of 2024 saw an annualized GDP growth of 3.1%, revised up from 2.8%.
Retail sales. Thursday will give markets an indication of consumer spending levels at the end of 2024. Economists estimate retail sales increased 0.5% over the prior month during December.
By contrast, consumer spending, which fuels about 70% of economic growth, rose at a 2% annual rate, down from 2.5% in the first estimate and from 3%-plus rates in the previous two quarters.
Consumer spending, which accounts for about 70% of U.S. economic activity, accelerated to a 3.5% annual pace last quarter, up from 2.8% in the April-June period and fastest growth since the fourth ...
The latest inflation data from the Bureau of Labor Statistics released Wednesday showed that the Consumer Price Index (CPI) increased 2.7% over the prior year in November, a slight uptick from ...
With inflation pressures persisting and credit card debt reaching alarming levels, many are reassessing their spending habits. A 2024 Discover Personal Loans survey found that consumers’ New ...