Retail sales increase 0.6% in June; May revised lower Core retail sales rise 1.1%; May revised down Consumer sentiment ebbs in early July WASHINGTON, July 16 (Reuters) – U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services, supporting expectations that economic growth accelerated
Tag: Americans
Americans consistently believe that poor African Americans are more likely to move up the economic ladder than they actually are, a new study shows. People also overestimate how likely poor white people are to get ahead economically, but to a much lesser extent than they do for Black people. “It’s no surprise that most people
Americans continue to venture back out into public to buy services they went without for more than a year—a shift that is adding fuel to the economic recovery and stirring higher inflation. Consumer spending, the biggest source of economic demand in the U.S., rose 0.5% last month after surging in March, the Commerce Department said