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Consumer spending

"Digital-first mentality" will accelerate for shoppers and sellers, Visa CEO says

by Kai Ryssdal and Daisy Palacios
Dec 1, 2021
Despite the omicron variant, "the recovery we're in has an awful lot of momentum," says Visa chief Al Kelly.
Visa has launched its own buy now, pay later service called Visa Installments. CEO Al Kelly advises small businesses to create effective websites and be adaptable.
Arturo Holmes/Getty Images for NYFW: The Shows
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Consumers, worried about the economy, keep spending anyway

by Kristin Schwab
Nov 26, 2021
What's behind the trend and how long it might last?
Consumer spending continues to be strong — but there's a chance emerging variants could change that.
Spencer Platt via Getty Images
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Shop owners rush, like their customers, to shop for the holidays early

by Justin Ho
Nov 19, 2021
Haunted by their own supply chain woes, many retailers are trying to get what they themselves need for the holidays.
Shoppers look at a holiday display in a New York City shop window. Despite supply chain issues and inflation, the National Retail Federation expects holiday spending to jump up to 10.5%.
Scott Heins via Getty Images
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How are consumers feeling about spending these days?

by Justin Ho
Nov 12, 2021
Inflation may give consumers pause, but there are signs that credit balances have ticked up a bit, and wages are on the rise.
Customers shop at Macys department store in New York on Black Friday, Nov. 27, 2020.
Kena Betancur/AFP via Getty Images
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Small retailers are caught between order backlogs and ramping demand

by Sean McHenry
Oct 29, 2021
Three independent retailers on how they're dealing with shortages, price increases and high demand.
The interior of one Dean's Sweets location in Portland, Maine. "If we sell more chocolate with a lower profit margin, we're still going to be OK," said co-owner Kristin Thalheimer Bingham.
Courtesy of Kristin Thalheimer Bingham
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As inflation mounts, a prime culprit is the price of meat

by Kimberly Adams
Oct 20, 2021
Consumers are seeing rising prices for food, particularly beef, pork and poultry. That's forcing some to shift their eating habits.
Disruptions in the food supply chain, including labor and transportation, feed into the higher cost of meat.
Justin Sullivan 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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Can well-off young women save China's economic recovery?

by Jennifer Pak
Sep 13, 2021
Women drive the bulk of household purchasing decisions in China. What do they want to spend their money on?
Finance major Zhou Hui, 19, spends up to $700 a month on clothing and eating out, which the COVID-19 pandemic didn't change.
Charles Zhang/Marketplace
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For consumers, gloomy times may translate to less spending

by Mitchell Hartman
Aug 31, 2021
But as long as people are holding onto their jobs, they'll still have money to buy.
The Consumer Confidence Index helps provide a picture of how people feel about the economy.
Kevin Hagen/Getty Images
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How do "buy now pay later" services work?

by Marielle Segarra
Aug 2, 2021
The digital payments company Square says it will buy Afterpay for $29 billion.
Shoppers can use "buy now, pay later" services like Afterpay to enable them to pony up for their purchases in installments, often without interest.
Spencer Platt via Getty Images
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