A new analysis shows that the top 10% of earners are behind almost half of all consumer spending, which is almost 70% of GDP.
Consumer Price Index data on Wednesday will give Americans, and the Federal Reserve, another readout on inflation.
U.S. consumer confidence deteriorated at its sharpest pace in 3-1/2 years in February while 12-month inflation expectations surged.
Americans kicked their spending habit in January, at least briefly, after splurging during the holiday shopping season. Consumer spending fell 0.2% last month, the government said Friday, to mark the ...
Consumer surveys show a decline in sentiment as President Donald Trump ramped up tariff talk, while retail sales and consumer spending levels have also decreased.
December, picking up on increased government and consumer spending, official data showed on Friday, and the government said ...