The emerging shift in food spending comes after the $600 in weekly additional unemployment checks expired in July. It has also prompted grocery stores to bring back something customers haven’t seen much of during the pandemic: discounts.
Lump-sum stimulus checks consumers received in the spring and the extra unemployment money for people who lost their jobs in the pandemic have helped shore up consumer businesses amid widespread shutdowns and millions of workers claiming unemployment. While consumer spending rebounded between May and July following a plunge earlier in the spring, analysts say that a broader pullback on grocery spending could mean lower sales for more discretionary items such as clothes and cars.
Walmart Inc. executives said consumers are nervous about their finances and job security in the absence of stimulus aid, leading to cutbacks in spending.
Explore the latest govt data on household spending, personal income & federal govt spending all in one place on the USAFacts COVID-19 Impact & Recovery Hub:
Where are those dad gummed checks?
Republicans do not care about average Americans
Like soap and water. Wash up and get in the game.
And yet your Brainy economy gurus talk inflation. You have to laugh. The whole small business community is in the same boat.
Brilliant observation
I'd imagine there are other contributors, such as some people working way through non-perishable supplies purchased during lockdowns. Plus, garden seed sales were up by 300+%, & as people have begun to harvest fresh produce will be purchase less from store.
And let's all keep in mind, while no one in government except for President realDonaldTrump missed a paycheck yet.
While Moscow Mitch is on vacation
2 more months....
I think most households have adjusted their lifestyle. I used to buy more than I need, with the working from home scenarios I am now unconsciously buying exact amount that I need.
And with that bit of news... the GOP fed reserve announces they will encourage higher prices on products.
What’s up with Congress what happen to the Corona virus aid bill?
We don’t need checks. We need people to go back to work.
Good news for overweight Americans who could stand to go on a diet.
I called single person with no kids and don't file taxes you have to file a letter of none file two get each stimulus. That's why i didn't get the first one i called the irs yesterday morning.
Open the economy
hmmm maybe this points out that republicans don't care about poor people
TrumpDoesntCare
When a country has been hit by a crisis, the economy is best served by creating a wealth disparity.
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