Imagine a kid in a candy store. Now imagine a kid in a candy store with $4,000 to spend. A nine-year-old Ukrainian boy spent nearly $4,000 at a ca...
Changes in spending can temporarily outstrip changes in income without doing any harm, but over the long run this implies an increase in debt and/or a decrease in savings rates. Unfortunately, this has already been the trend.
Back in the good old days of the mid-2000s, before that whole unpleasantness with the global financial crisis and the near-depression and what have yo...
As Americans pay down their household debt, their reluctance to spend is hurting the economic recovery. Though disposable personal income rose 0.3...
Sluggish growth in U.S. consumer income in September led households to cut back on saving to increase their spending, casting doubts over the dura...
Consumer spending increased in February for the eighth straight month, but much of the gain came from steadily rising gas prices and higher grocery bi...
WASHINGTON: Consumer spending rose less than expected in January as households took advantage of the largest increase in incomes in more than 1-1/2 ...
Most of us want to be physically fit, but very few of us are. The same holds true with financial security. As my father (and many others) used to say, "A lot of people want to go to heaven but no one wants to die to get there."
Nobel Prize-winning economist Joseph E. Stiglitz said the U.S. economy faces an "anemic recovery" and the government will need to enact another round ...
It is time for America's ruling circles to stop their endless game of seeking ever more sophisticated ways of pretending that America's trade crisis is something other than what it is: a trade crisis.
The US turned in a fairly robust quarter in Q1 2010, with real GDP growth meeting expectations at 3.2% annualized. This comes on the back of a very ro...
As the economy emerges from the downturn, consumers are likely to spend the next several years drastically reducing their debt -- at least if historic...
Despite the Obama administration's desperate efforts to keep the issue off the boil, Chinese currency manipulation is back in the news again. Treasury...
The percentage of workers who said they have less than $10,000 in savings grew to 43% in 2010, from 39% in 2009, according to the Employee Benefit Res...
I'm convinced that most of the mistakes made handling money result from lack of information and bad habits formed in childhood.
The recession has caused a seismic shift in the consumer culture, converting die-hard spenders into savers. A growing number of people, either smartin...
WASHINGTON -- One year after the near collapse of the global financial system, this much is clear: The financial world as we knew it is over, and some...
Most economists agree that until the consumer begins to "spend again," the economy is unlikely to grow at meaningful rates in the next several years. But when and how will that happen?
For love or money; we'll take money. And that's the final answer to a question about what women say they would rather do when given a choice betwee...
NEW YORK (Reuters Life)- Frustrated by your spouse's spending habits? It might be why you married them, according to a working paper titled "Fatal (F...
Based on recent headlines, you might think that Americans are finally saving again. Want to bet? In 2007, the latest year for which final numbers are...
WASHINGTON _ Households raised their savings rate to the highest level in more than 15 years in May as many used a big boost in money from the governm...
WASHINGTON — Consumer spending and incomes rose more than expected at the start of the year, but the gains were seen as fleeting in light of the...
WASHINGTON — Americans are hunkering down and saving more. For a recession-battered economy, it couldn't be happening at a worse time. Economis...
