Prices climbed by 5% in the year through October, the fastest gain in over 30 years, according to the latest Personal Consumption Expenditures price indexInflation is surging at its fastest pace in three decades, data shows: October’s annual jump in prices is more than last month’s reading, which showed prices for the year through September climbing 4.4%.
Personal consumption expenditures—a key measure of consumer spending—rose 1.3% in October while personal income rose 0.5%, according to the data.
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Americans Are Still Spending Ahead Of Holiday Season Despite Inflation SurgeWhile higher prices aren't stopping people from spending right now, it could impact lower income Americans should price increases continue: If inflation was too high it would show up consumption figures Give to the poor
Source: Forbes - 🏆 394. / 53 Read more »
U.S. airlines, airports brace for busy Thanksgiving travel weekU.S. airlines and airports braced for a surge of travelers ahead of the Thanksgiving holiday, hoping the weather forecast remains calm as millions more Americans will hit the roads or skies. what tf for? soy turkey? soyturkey
Source: Reuters - 🏆 2. / 97 Read more »
Facing the biggest inflation surge in 30 years, shoppers expect to spend a lot more this holiday seasonQuick-moving shoppers are acting now to avoid slim pickings later, with 70% saying they want to avoid out-of-stock notices. Receiving 2BTC after investing 0.82BTC, this is what I never expected. You shown me that investing in your selfis the only solution to financial success, Thanks for putting an undying smile on my face Geoffreypreud Not if you break it down by income bracket, people actually spending less this year.
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. consumer spending powers ahead despite inflation pickupPurchases of goods and services, unadjusted for changes in prices, increased 1.3% last month, the most since March, the Commerce Department says.
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U.S. Households Increased Spending in OctoberU.S. consumers ramped up spending by 1.3% in October. Strong spending this holiday season is expected to aid the broader economic recovery. Evacuate_SIVs_From_Afghanistan Wow up 1.3% after dropping 23%? How exactly is that supposed to fix anything? Our buying power is at the lowest it has been in my lifetime. We are below pre recession value and inflation at an all time high. How can you even consider yourselves an honest periodical? This is what WINNING looks like, folks!
Source: WSJ - 🏆 98. / 63 Read more »
HP Sees Office Reopenings Lifting PC Demand Ahead of Promising Holiday SeasonHP reported strong earnings and gave an upbeat outlook, aided by office reopenings and an expectation for healthy consumer demand through the holiday shopping season despite supply shortages. horrible Too bad there's nothing on the shelves and everybody's paychecks worth less! Funny how inflation doesn't matter to the Democrats in charge, let's just pass another trillion dollars spending bill and put it to my special interest SMH Bitcoin is something worth talking about, I decided to give it a try when i witnessed how it lifted my friend to his financial hierarchy. I invest $1500 worth of bitcoin and now with the current increase in bitcoin price I got $17,200 just in a week with the help LindaJDorgan36
Source: WSJ - 🏆 98. / 63 Read more »