Similar Stories to Coronavirus Sinks U.s. Consumer Spending; Savings Hit Record High on Bing News

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:
  • Affluent Americans are driving U.S. economy and likely delaying need for Fed rate cuts
    One result of the Fed’s higher rates has been a kind of bifurcated economy, by age. Older, wealthier Americans who already own homes and cars have been much less affected by the Fed’s rate hikes. By ...
    04/29/2024 - 7:48 am | View Link
  • CR's Guide to the Coronavirus
    As the coronavirus remains a serious health issue in the U.S., Consumer Reports is committed to bringing you up-to-date, evidence-based reporting and advice.
    08/6/2020 - 3:15 pm | View Link
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