According to a Bank of America report, total card spending in American households witnessed a 1% year-over-year increase in April, surpassing the 0.3% growth observed in March. To shed light on this consumer spending trend, Bank of America Institute Senior Economist David Tinsley joins Wealth!
Bank of America's latest consumer checkpoint shows Total card spending per household in April rose 1% from the year prior, a big rise from 3/10 of a percent in March.On this, we turn to David Tinsley, who is the Bank of America Institute senior economist here.First and foremost, we just walk us through the top takeaway here and what you're seeing in card spending per household and what's really the catalyst there.
As of April, as you were just mentioning what's really driving that well, you know, I think first and foremost it's a labour market story. So you know that gives a little bit of wind in the sales for consumers receiving those wind, uh, W with receiving those refunds, too.With earnings around the corner, you can still pick up this dividend stock with a TSX-beating dividend at 8.9% as of writing! The post Beat the TSX With This Cash-Gushing Dividend Stock appeared first on The Motley Fool Canada.These Canadian stocks could help TFSA investors generate solid tax-free capital gains and dividends.
David Tinsley Bank Of America Inflationary Environment Spending American Households
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