Driving retail spending, wealthier Americans are powering US …

Oct 18, 2024 · By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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Driving Retail Spending, Wealthier Americans Are Powering US …

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Oct 18, 2024 · By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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Wealthier Americans Are Driving Retail Spending And Powering US …

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Oct 18, 2024 · By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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Wealthier Americans Are Driving Retail Spending And Powering US …

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Oct 18, 2024 · For middle-income households — earning $60,000 to $100,000 — their spending rose 13.3% during the same period, the Fed study found. And for those earning less than …

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Wealthier Americans Driving Retail Spending, Powering US …

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Oct 20, 2024 · By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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Wealthier Americans Are Driving Retail Spending And Powering U.S.

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Oct 18, 2024 · By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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Wealthier Americans Are Driving Retail Spending And Powering US …

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Oct 17, 2024 · By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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Wealthier Americans Are Driving Retail Spending And Powering US …

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Oct 19, 2024 · And for those earning less than $60,000, spending has risen just 7.9% since 2018. It actually fell from mid-2021 through mid-2023. "Middle- and high-income households have …

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Wealthier Americans Are Driving Retail Spending And Powering US …

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Oct 18, 2024 · For middle-income households — earning $60,000 to $100,000 — their spending rose 13.3% during the same period, the Fed study found. And for those earning less than …

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Wealthier Americans Are Driving Retail Spending And Powering US …

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Oct 18, 2024 · By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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Retail Sales Up Solidly In October As Americans Showed Continued ...

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1 day ago · U.S. retail sales rose last month at a healthy pace in the latest sign that consumer spending is driving the economy's steady growth. Retail purchases rose 0.4% from September …

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Wealthier Americans Driving Retail Spending, Powering US Economy

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Oct 18, 2024 · By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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Wealthier Americans Are Driving Retail Spending And Powering US …

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Oct 18, 2024 · On Thursday, the Commerce Department reported that retail sales in the United States rose 0.4% from August to September, a solid gain that suggested that shoppers are …

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FAQs about Driving retail spending, wealthier Americans are powering US … Coupon?

How did inflation affect retail spending in 2024?

By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than $100,000. For middle-income households — earning $60,000 to $100,000 — their spending rose 13.3% during the same period, the Fed study found. ...

What happened to retail spending in 2024?

But about three years ago, the trend shifted: Upper- and middle-income consumers started spending at a much faster pace than lower-earners. By August, 2024, inflation-adjusted spending on retail goods was nearly 17 per cent higher than it was in January, 2018, for upper-income households, defined as those earning more than US$100,000. ...

Why are Americans spending more at retail stores and restaurants?

It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace? One key reason is a relatively simple one: Wealthier consumers, boosted by strong gains in income, home equity and stock market wealth, have increasingly driven the spending. ...

Are middle- and high-income households fueling demand for retail goods?

“Middle- and high-income households have been fueling the strong demand for retail goods,” Fed economist Sinem Hacioglu Hoke and two colleagues wrote. ...

Is healthy consumer spending driving the economy's steady growth?

Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth FILE - Unsold 2025 Countryman sports-utility vehicles and Cooper S hardtops sit on display at a Mini dealership Oct. 21, 2024, in Highlands Ranch, Colo. (AP Photo/David Zalubowski, File) ...

How much has spending risen since 2018?

For middle-income households — earning $60,000 to $100,000 — their spending rose 13.3% during the same period, the Fed study found. And for those earning less than $60,000, spending has risen just 7.9% since 2018. It actually fell from mid-2021 through mid-2023. ...