Why Americans keep splurging even as they turn sour on the economy

Posted on AllSides July 26th, 2022
From The Center

US consumer confidence data for July, which was released Tuesday, showed a third straight month of decline. The Conference Board, which runs the monthly surveys, reiterated that it expects strong headwinds for consumer spending in the next six months, echoing what analysts have been saying since the start of the year—that people are going to tighten their belts.

However, consumers have yet to actually do so. US retail sales increased 1% in June, the latest figures available, with nine out of the 13 tracked retail categories increasing last month.

Read full story
Some content from this outlet may be limited or behind a paywall.


AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
See full bias rating for Quartz
Learn about media bias

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right