U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the growing frugality reinforced expectations the economy could take years to recover from the COVID-19 pandemic.

Topics:  april   covid-19   spending   savings   record   high   u.s consumer   
BING NEWS:
  • Bank of America Just Told Us Something Important About Consumer Spending
    Its net charge-offs and delinquencies have risen for several quarters in a row. Here's what the bank expects for the rest of 2024.
    04/21/2024 - 7:23 am | View Link
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