Consumer

The top 10% of American households in terms of income earned are driving nearly half of all U.S. consumer spending, according to a new analysis by Moody's Analytics.

Consumer sentiment plunged more than expected in February while households' inflation expectations amid uncertainty over the impact of President Trump's economic plans.

Americans' credit card debt set a new record of $1.2 trillion in the last quarter of 2024, while overall household debt reached a new high of about $18 trillion, the New York Fed found.

New legislation in Congress that would cap credit card interest rates at 10% that has the backing of President Trump could reshape financial services, though it would carry a cost.

American households' spending on Super Bowl festivities is expected to rise, even as a greater share of Americans say they want to spend less, a new study found.

President Donald Trump's tariffs on Mexico and Canada could take effect next month, with consumers likely to see prices rise for several types of products if they move forward.

President Donald Trump has tasked Treasury Secretary Scott Bessent with serving as the acting director of the Consumer Financial Protection Bureau, the agency said Monday.

The Federal Trade Commission has approved a motion granting Chairman Andrew Ferguson the authority to comply with President Donald Trump’s executive orders slashing DEI programs.

The Labor Department released the inflation report for December, which showed prices were up 2.9% from a year ago, in line with economists expectations and up from 2.7% in November.

AT&T announced a new guarantee program that will see the telecom giant provide billing credits to wireless and fiber customers who are impacted by service outages.

Apple agreed to pay $95 million to settle a proposed class action lawsuit brought by device users who claimed their conversations had been recorded by Siri and shared with third parties.

Advance Auto Parts announced that it will close over 700 locations, including corporate stores and independently-owned locations, as part of a financial restructuring effort.

Inflation rose slightly in October in line with economists' expectations, as the consumer price index was up 2.6% from a year ago and 0.2% compared with last month.

American households continue to feel squeezed by inflation, which contributes to a more pessimistic view about the economy even as data shows the pace of price growth slowing.

Apple and Goldman Sachs are being ordered by the Consumer Financial Protection Bureau to pay a combined $89 million in fines stemming from customer service issues with the Apple Card and regulatory violations.

Americans are facing vastly different rates of inflation depending on where in the U.S. they live, as the Northeast and Midwest regions experienced faster price growth in September.

Retail sales rose by more than expected in September, with an increase of 0.4% exceeding economists expectations as the consumer showed signs of continued strength.

The FTC announced the final version of its click to cancel rule which aims to make it easier for consumers to cancel subscriptions that would otherwise auto-renew.

The strike by unionized dockworkers at East and Gulf Coast ports has ground coffee shipments to a halt, setting up a supply squeeze given the heavy U.S. reliance on coffee imports.

A strike by unionized dockworkers at East Coast and Gulf Coast ports could have a potential impact on consumers due to higher food prices caused by delayed or canceled shipments.