Senior Spending Surge Economists have been somewhat surprised by the strength of American consumer spending in the face of high inflation, and interest rates. There are multiple reasons behind the phenomenon, but baby boomers likely played a role as well. Indeed, government data shows seniors have been spending more than ever over the past few…Read more
Descending Demand The “revenge travel” craze that followed the pandemic may be coming to an end, as budget airlines slash prices to attract travelers. This slowdown in travel spending comes as American consumers are grappling with high prices and everything from groceries to hotel rooms. (Some) Cheaper Flights Prices for domestic flights have fallen by…Read more
Rate Reverberations Homebuyers are in a pinch: Costs are notably high, and inventory is notably low. Now America’s major housing associations are pointing fingers at the Federal Reserve, calling for action. The Mortgage Bankers Association, the National Association of Realtors and the National Association of Home Builders penned an open letter to the Fed, pleading…Read more
