Posted on Mar 4, 2023
Big stores see how we spend. Here are 4 things they say about the economy
976
16
7
6
6
0
https://www.npr.org/2023/03/04/ [login to see] /big-stores-see-how-we-spend-here-are-4-things-they-say-about-the-economy
It's a tentative sort of anxiety. Large store chains such as Walmart, Home Depot and T.J.Maxx are steeling for a tricky year, given that shoppers have begun cutting back — but how much further? Some retailers, such as Best Buy and Macy's, are already feeling the slowdown.
More than a dozen retailers have dropped a flurry of financial reports in recent weeks. They have a broad view of consumer spending, which is a key driver of the U.S. economy. Here's what they say.
It's a tentative sort of anxiety. Large store chains such as Walmart, Home Depot and T.J.Maxx are steeling for a tricky year, given that shoppers have begun cutting back — but how much further? Some retailers, such as Best Buy and Macy's, are already feeling the slowdown.
More than a dozen retailers have dropped a flurry of financial reports in recent weeks. They have a broad view of consumer spending, which is a key driver of the U.S. economy. Here's what they say.
Big stores see how we spend. Here are 4 things they say about the economy
Posted from npr.org
Shopping
Economics
Posted 2 y ago
Responses: 3
5
5
0
PO1 William "Chip" Nagel good day Brother William, always informational and of the most interesting. Thanks for sharing, have a blessed day!
(5)
(0)
2
2
0
Americans are putting more spending on credit cards as they struggle with inflation. This is forcing people to pay bills and cost of living items like food by increasing debt. I was talking to my bicycle shop owner and they are bracing for slow sales. People are simply stretched, something needs to give. https://www.npr.org/2023/01/11/ [login to see] /credit-card-debt-inflation-interest-rate-payments-federal-reserve
Americans are piling up credit card debt — and it could prove very costly
More Americans are leaning on their credit cards to cope with rising prices. And as interest rates continue to climb, that debt is getting more and more expensive.
(2)
(0)
1
1
0
So, what this article tells us is, nobody knows what the hell is going to happen.
(1)
(0)
LTC David Brown
I know what is going to happen, it isn’t hard. Consumers will max out credit and we will be in recession or worse because people simply can’t pay bills and buy food. Wages are way behind inflation.
(0)
(0)
Read This Next
Continue with Facebook 
Continue with Google