The following chart provides a breakdown of consumer spending by category for 2019. Spending patterns changed significantly during the pandemic due to the lack of accessibility to many types of services, but this depiction is probably fairly representative of our post-pandemic behavior. (This...
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- Tag: inflation
An important economic statistic is the Personal Savings Rate which is defined as Savings divided by Disposable Personal Income. From the 1960’s through 1982, relatively thrifty Americans consistently saved between 10% and 15% of their incomes. Given a generally strong economy and rising...
Despite global supply chain problems that have caused periodic product shortages and contributed to a surge in inflation, most of us do not really understand the extent to which the world is connected. Do you know that an iPhone contains more than 1,600...
One of the bright spots during the pandemic has been very strong demand for housing and related items as well as a broad array of consumer goods, particularly luxury brands. In recent months, there was concern that retail might experience a weak Christmas...