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Channel: consumer spending | New York Post
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Expect fewer presents under the Christmas tree this year

Expect a little less ho-ho-ho in the holidays this year. US consumers will likely reel in spending in November and December, dialing down to a 3.7 percent rise in retail sales, according to a new...

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US economy hit the brakes in third quarter

US economic growth braked sharply in the third quarter as businesses cut back on restocking warehouses to work off an inventory glut, but solid domestic demand could encourage the Federal Reserve to...

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‘Gross’ GDP fueled by ObamaCare

Last week’s gross domestic product report of 1.5 percent third-quarter growth ensures that the Obama presidency will be the first administration to record seven straight years of annual growth below 3...

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Wall Street fears that Americans are dead broke

The American consumer appears to be tapped out. Despite cheaper gas and interest-free car loans that stretch six years, auto sales in October posted a surprise decline, the Commerce Department said...

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Consumers aren’t spending despite low gas prices

Where is all this extra cash Americans are supposed to be swimming in thanks to a low average gas price of $1.85 per gallon? The country’s largest motoring group, AAA, which tracks gas prices and...

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Gas stations are actually benefitting from falling prices

If you own a gas station in the New York metropolitan area, things may be looking up — even as the price of your product is falling. Nationwide, a gallon of unleaded regular stood at an average $1.85...

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Car dealers got a bump despite a tough July for retail

Americans in July continued to splurge on cars — but they certainly weren’t driving them to the mall to go shopping. Retail sales in July were “virtually unchanged” from June, according to figures...

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The real reasons Americans are limiting their spending

Two-thirds of Americans say they are limiting their spending, but few say it’s because they fear losing their jobs. According to a recent survey by Bankrate.com, 30 percent say they are placing...

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Cyber sales are bigger than ever before

Americans spent the holiday weekend binge shopping from their couches. Bargain-hunters ditched long lines and chaotic malls to snag their holiday-season steals via computers and mobile devices — a...

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Holiday sales disappoint after DC misleads us again

Despite all the early hoopla about how great this holiday shopping season would turn out, it hasn’t worked out that way. In fact, even all the money made in the Donald Trump stock market rally that...

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New York consumers are finally feeling good about spending

New York consumers are back from the economic abyss, and haven’t felt so good about spending in more than 16 years, according to a recent poll. The latest survey by the Siena College Research Institute...

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Americans are spending more on their homes than their clothes

The numbers don’t lie. Americans are spending less and less on their wardrobes and more on gussying up their homes and on entertainment, a review of government data by The Post reveals. Families are...

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Macy’s takes another hit as mall traffic dwindles

Macy’s reported a much-bigger-than-expected drop in quarterly profit and sales, continuing its uphill struggle to attract customers amid a slump in demand for apparel and the shift toward shopping...

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Home Depot bucks sluggish retail trends

Home Depot’s first-quarter profit and same-store sales topped estimates as customers spent more on expensive items such as appliances and flooring and roofing materials. The company’s shares rose about...

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Fed hikes rates for the third time in six months

The Federal Reserve hiked interest rates on Wednesday, the third time in six months, as unemployment in the US has continued to fall and consumer confidence has risen. The Fed raised its benchmark...

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Here’s when you can expect gas prices to rise

When will gasoline prices rise? When the economy gets healthier and people spend more. When will that happen? No time soon, according to one new report. Citigroup’s Economic Surprise Index, which...

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A glitch in your brain is costing you thousands

Would you rather have $200 to spend right now or $3,000 in five years’ time? If you’re like most humans, the temptation to grab the money and run is likely to overpower the long-term benefit of...

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Economy grows at fastest pace in more than two years

The US economy expanded at the fastest pace in more than two years, the government reported on Wednesday, spurred on by an uptick in spending from consumers and investment from business. The positive...

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Americans are getting clobbered by their tax bills

If you still wonder why President Trump won the election last November, take a look at some stunning new data on taxes. Turns out that US households last year paid more, on average, in personal taxes...

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Americans are expected to spend $9.1B on Halloween crap this year

Americans may be pulling back on spending on apparel — but when its comes to Halloween, the budgets are scary good. Spending on the scariest of holidays is expected to shoot up 8.3 percent this year to...

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