economy

June 8, 2020

Consumer Confidence is Shattered

Consumer confidence has collapsed amid the coronavirus pandemic and isn’t getting a lift from states re-opening their economies, according to a new report. A Morning Consult […]
June 8, 2020

The US Economy is in a Recession

Today, the National Bureau of Economic Research said the U.S. economy peaked in February, ending the longest expansion in U.S. history at 128 months, or about […]
May 19, 2020

Credit Card Spending Down 40%

Spending on JPMorgan Chase & Co. credit cards plunged 40% for the average U.S. family at the start of the coronavirus slowdown, an “enormous” drop that […]
April 6, 2020

Consumer Expectations Deteriorate in March

Americans increasingly were worried about losing their jobs and expected to curb their growth in spending in the wake of the coronavirus outbreak, a March survey […]
March 10, 2020

Consumer Sentiment Spikes in February Amid Health Concerns

U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the coronavirus.  Consumer sentiment rose to 101.0 in February, nearly matching […]
March 6, 2020

Coronavirus, Election Uncertainty May Impact New Vehicle Sales

TrueCar, Inc.’s data and analytics subsidiary, ALG, project total new vehicle sales will reach 1,373,516 units in February 2020, up 0.2% from a year ago when […]
February 27, 2020

Credit Card Delinquencies Fall, Others Edge Up

Consumer credit delinquencies were mixed in the third quarter of 2019, with delinquencies rising for the composite index of closed-end loans, according to the American Bankers […]
February 17, 2020

Credit Card Debt Rises to $930 Billion

Credit-card debt rose to a record in the final quarter of 2019 as Americans spent aggressively amid a strong economy and job market, and the proportion […]
February 14, 2020

Valentine’s Day Spending Sets New Record

It seems like the love for Valentine’s Day is growing every year.  National Retail Federations’ Annual 2020 Valentine’s Day Spending Survey, conducted by Proper Insights & […]