Tag Archives: Consumers

Data released by the U.S. Department of Commerce revealed that despite an increase in the payroll tax, consumer spending in the first quarter increased 3.2 percent from the fourth quarter, the largest increase in two years. “No one should write … Read More…

A recent report released by the National Association of Federal Credit Unions revealed sequester-related government spending cuts, as well as a decrease in auto and gas sales, led to an overall decline in March retail sales. On Friday, data from … Read More…

March saw the culmination of a 17-year effort to eliminate federal benefit payments by check. The 1996 Debt Collection Improvement Act contained a set of provisions, called “EFT 99,” that directed the federal government to make all payments except tax … Read More…

Consumers reduced their spending in March as they adjusted to the payroll tax increase that contributed to the first decline in retail sales since October. March retail sales, excluding gas stations, automobiles and restaurants, fell 0.2 percent adjusted from February, … Read More…

The Discover U.S. Spending Monitor was flat in March, driven in part by a decline in consumer confidence among consumers ages 18 to 39, though plans to increase spending on major and discretionary purchases grew. The number of survey respondents … Read More…