U.S. Phasing Out Old Light Bulbs for LEDs – Consumer Awareness
While fluorescent and incandescent lightbulbs may be widely popular in most households, the Department of Energy suggests that LED bulbs are a superior alternative for...
Category: Consumer Behavior
Elevated Food Inflation Continues – Consumer Demand Dynamics
The most recent measure of food inflation is 8.2%, with 2022 inflation at the highest level since inflation in the 1980s, and the category seeing...
Personal Savings at Lowest in 14 Years
During the peak of the pandemic, uncertainty over the job market and elevated unemployment caused consumers to save at heightened rates. In addition, “going out”...
Upper Earners Hold Most Savings On Hand
Consumers are now saving less than before the pandemic, as stimulus assistance funds and generous unemployment benefits have gradually evaporated, encouraging consumers to tap their...
Credit Usage Heading Higher – Consumer Credit
As pandemic assistance funds vanish, consumers are turning to savings and credit to pay for essentials. With many consumers having exhausted their cash reserves, credit...
Growing Inventories Means Lower Prices & Discounts Could Be Coming – Consumer Retail
As the pandemic created supply constraints over the past two years, companies learned to stock up on materials and finished products in hopes of alleviating...
Gasoline Prices Expected To Head Higher This Summer – Energy Overview
Various factors are contributing to sustained high gas prices, which are expected to add to price pressures heading into the summer months. Traditionally, gasoline prices...
Disposable Income For Consumers Dropping – Consumer Behavior
As Inflationary pressures tend to drive the price of essential goods higher and faster than non essential goods, consumers are sometimes left with minimal funds...
Strengthening U.S. Dollar May Help Curtail Inflation – Consumer Inflation Dynamics
The U.S. dollar has risen over 7% since the beginning of the year driven by increasing interest rates and a flight to safety for international...
Food & Gasoline Making Up More Of Consumer Expenditures – Consumer Inflation
Food and energy have become the two fastest rising expenses for consumers nationwide, as well as representing a larger proportion of total living costs. Currently,...