Americans began the new year with a spending spree, but businesses are not sure how long it can last. There's a lot riding on the answer, since consumer spending is the backbone of the U.S. economy.
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Despite high inflation, Americans are spending like crazy – and it's kind of puzzlingSomething strange is happening in the economy: Inflation is high — but Americans are spending like crazy. And that's threatening to put more upward pressure on inflation. Here are 3 things to know about the phenomenon.
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Americans have a collective $21 billion in unspent gift cards | CNN BusinessAlmost two-thirds of American consumers have at least one unspent gift card tucked away in a drawer, pocket, wallet or purse. And at least half of those consumers lose a gift card before they use it, according to a new report
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Americans have a collective $21B in unspent gift cardsAlmost two-thirds of American consumers have at least 1 unspent gift card tucked away in a drawer, pocket, wallet or purse. And at least half of those consumers lose a gift card before they use it, according to a new report from Credit Summit.
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High inflation costing Americans an extra $395 a monthU.S. households are paying more for necessities like food, gasoline and rent, which is costing them on average an extra $395 a month, according to Moody's.
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1 in 4 Americans would need to use a credit card to pay a $1,000 expenseMore Americans see a drop in their emergency savings, and would need to use their credit card to pay a $1,000 expense
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No, Americans actually agree on how to teach historyTexas is in the midst of another period when history feels contested. From debates over Critical Race Theory in the metroplex to legislation banning certain...
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