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Consumer confidence

Banks in Turmoil

Consumer confidence is up despite current bank troubles — will it last?

by Savannah Maher
Mar 21, 2023
Consumers haven't seen much reason to hold back.
According to a recent report from Ipsos, consumers are slightly uncertain about the future of the economy, even though consumer spending hasn't eased in the face of high interest rates and prices.
Patrick T. Fallon/Getty Images
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Banks in Turmoil

How freaked out are consumers these days?

by Matt Levin
Mar 17, 2023
Consumer sentiment isn't as gloomy as the failure of Silicon Valley Bank might lead you to expect.
According to a University of Michigan survey, consumer sentiment fell this month. But people seem to be more worried about their grocery bills and dwindling savings than about tremors in the financial system.
Mario Tama/Getty Images
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Next week's economic data will tell us a lot

by Savannah Maher
Nov 25, 2022
Reports on inflation, consumer confidence and jobs will be consequential. We asked economists to point out the most important items.
"If consumers were truly, truly worried," says economist Jennifer Lee, discretionary spending on things like restaurant lunches "would be one of the first areas they would cut back on."
Spencer Platt/Getty Images
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Does declining consumer confidence lead to lower spending?

by Savannah Maher
Jul 26, 2022
The mood worsened for the third straight month, but many Americans have financial cushions.
As the labor market cools, economist Betsey Stevenson predicts consumer spending will too. For some lower-income households, that’s already happening.
Brandon Bell/Getty Images
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Spending is up, but consumer confidence isn't

by Kristin Schwab
Jul 15, 2022
Retail sales rose in June, yet inflation is still a factor in how and where people are willing to spend.
While electronic and appliance sales saw the biggest drop in the last year, spending at bars and restaurants remain strong.
Anna Moneymaker/Getty Images
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February was another disappointment for retail sales

by Samantha Fields
Mar 16, 2022
They've been up and down like a bouncing ball for the past few months.
Not adjusting for inflation, retail sales in February were up just 0.3% over January. Factoring in inflation, they were actually down.
Patrick T. Fallon/AFP via Getty Images
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COVID-19

Consumer confidence rises, undeterred by omicron

by Amanda Peacher
Dec 22, 2021
Americans are reassured that businesses are still operating. Yet some economic uncertainty lingers.
The spread of the new coronavirus variant hasn't seemed to dampen consumer confidence, which reached 115.8 in December. However, that remains below pre-pandemic levels.
Brandon Bell via Getty Images
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Dented by the delta variant, consumer confidence now confronts omicron

by Justin Ho
Nov 30, 2021
Confidence ticked down in November, but so far, each wave of COVID seems to have less of an impact on how consumers feel.
Shoppers stroll in a Houston mall on Black Friday. Though consumer confidence may dip if the omicron variant spreads, higher vaccination rates and a strong job market may help.
Brandon Bell via Getty Images
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COVID-19

Our feelings about jobs and the economy have parted ways

by Kristin Schwab
Nov 1, 2021
Many people are happy with the job market — higher wages and more openings. Fewer people like where the overall economy is headed.
Spencer Platt via Getty Images
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Consumers’ confidence, spending less buoyant than their job prospects

by Mitchell Hartman
Oct 1, 2021
Inflation is eating away at incomes while the delta variant is discouraging consumers from going out and spending.
After accounting for inflation, the August consumer spending and income statistics were unimpressive.
Drew Angerer via Getty Images
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