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, 21.5% of the Consumer Price Index (CPI) is […]
Supply constraints and labor shortages were the two primary factors for prices on numerous products and services rising as much as they did in 2021. Even as some supply and labor issues have […]
Consumers are saving the lowest amount in four years as stimulus assistance funds and generous unemployment benefits have gradually evaporated, encouraging consumers to tap their savings at an accelerating pace. The drop in […]
Optimism following excessive monetary and fiscal stimulus efforts drove consumer sentiment to highs during the pandemic. Numerous stimulus programs provided businesses and individuals abundant funds in order to help maintain and fortify financial […]
As Covid infections swept the nation in 2020 and 2021, states differed on restrictions and guidance surrounding the pandemic, encouraging many to migrate to another state. Health, jobs, housing and quality of life […]
The administration announced in November that it had authorized the release of 50 million barrels of oil from the strategic petroleum reserve (SPR) in order to help alleviate rising gasoline prices across the […]
The pandemic pulled forward or accelerated an enormous amount of consumer spending that was pent up for months during lock downs and closures. As a result, demand for automobiles, homes, furniture, and appliances […]
A recent research report by the Federal Reserve Bank of St. Louis found that over 3 million Americans decided to retire earlier than planned due to the pandemic. There have been various reasons […]
A shortage of qualified workers across the country is encouraging companies to raise wages in order to attract direly needed employees. The competition for employees is enticing workers to quit their current jobs […]
As store and restaurant closures prompted consumers nationwide to stay home last year during the height of the pandemic, consumers spent less, and saved more. In addition, massive stimulus efforts by the government […]