Tag

Disposable Income

All articles tagged with #disposable income

economy1 year ago•2 min saved

Android Gains Ground Over Apple in Rebounding Smartphone Market

The U.S. economy's third-quarter GDP growth remained steady at 2.8%, but consumer spending, a key economic driver, showed mixed signals with a slight downward revision. Inflation remained controlled, but disposable income growth was weak, raising concerns about future GDP sustainability. Personal savings and wages also faced downward revisions, while credit debt for financially struggling consumers increased, highlighting ongoing financial pressures.

via PYMNTS.com|

#consumer-spending #credit-debt #disposable-income

economy1 year ago•4 min saved

US Consumer Spending Rises in October Amid Persistent Inflation

In October 2024, U.S. personal income rose by $147.4 billion (0.6%), while disposable personal income increased by $144.1 billion (0.7%). Personal consumption expenditures (PCE) grew by $72.3 billion (0.4%). The PCE price index rose 0.2%, with a 0.3% increase excluding food and energy. Real disposable income and real PCE saw modest gains of 0.4% and 0.1%, respectively. The increase in income was driven by higher compensation and asset income, while PCE growth was led by services, particularly healthcare and housing. The personal saving rate was 4.4%.

via Bureau of Economic Analysis|

#consumer-spending #disposable-income #economic-growth

retail-sales2 years ago•4 min saved

2023: Online Shopping Drives Retail Sales Growth

Retail sales in November increased by 0.3% from October, with a 4.1% rise compared to the previous year. The big three categories of retail sales, including ecommerce operations, bars and restaurants, and auto dealers, accounted for 50% of total retail sales. However, other brick-and-mortar retailers such as department stores and electronics and appliance stores continue to decline as sales shift to ecommerce. The increase in spending is fueled by a rise in per-capita disposable income, which has outpaced inflation by 3.9% year-over-year.

via WOLF STREET|

#auto-dealers #bars-and-restaurants #disposable-income

economy2 years ago•2 min saved

The Unsustainable American Spending Spree: Are Savings at Risk?

Economists are expressing concerns about the sustainability of America's current spending spree, as the personal savings rate continues to decline. The share of disposable income that households save dropped to 3.4% in September, down from 4% in August. While consumer spending rose in September, economists argue that the underlying drivers of spending are not reliable or sustainable, particularly as real income growth declines. The dip in savings is seen as unsustainable, and experts predict that consumers' spending enthusiasm will diminish heading into 2024. Rising inflation and interest rates are also impacting consumers, with cracks appearing on household balance sheets. Despite increased wealth, some of it is locked in assets that cannot be easily sold, limiting liquidity and spending.

via MarketWatch|

#consumer-spending #disposable-income #economic-sustainability