WASHINGTON – Despite signs that reopening businesses have begun to lift the economy, National Retail Federation chief economist Jack Kleinhenz said Monday that conflicting data makes it difficult to say how steady the comeback will be. “Optimism about the economy and retail spending is being tested daily with the spread of the coronavirus,” Kleinhenz said.
PORT WASHINGTON, N.Y.– As consumers settled into their sheltering at home routines, spending improved for the fourth straight week, up 7% compared to the prior week, reports the NPD Group. Retail spending also showed flat year-over-year performance during the week ending April 25, 2020 — the first time sales didn’t decline since early March. As
NEW YORK — Consumer spending, the engine that drives about 70% of the U.S. economy, is poised for significant changes as the population ages, according to The Conference Board. The nonprofit membership organization is forecasting big increases in health care and retirement spending over the next decade, as well as a notable decline in Americans’