BofA Consumer Chief: Spending Jumps 6.3% With Wage Growth Across “All Income Groups”
Bank of America's consumer chief just flagged something unusual in the latest spending data: a pattern across income groups that has not shown up together like this in four years, and it has…
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Tracking the K‑Shaped Economy: Who’s Driving Spending?
Aggregate real consumer spending has risen solidly since 2023. However, it is less clear how widely shared this improvement has been across
Consumer spending rises as savings rate plunges to near-crisis lows amid flat income growth
Higher energy costs can force consumers to raid their savings and lean more on debt to cover expenses.
cnbc.com·1mo agoConsumer Spending Boosted By Wealthy Americans 7/9/26
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Bank credit growth at two-year high at 18.6% as debt market turns costlier
Bank credit expanded significantly in the fortnight ending June 30. Deposit growth also showed a healthy increase during the same period. Th
Explaining the K‑Shaped Economy: What’s Behind the Divide?
In our companion post, we used a new module of our Economic Heterogeneity Indicators (EHIs) to shed light on how recent retail spending grow
Just how K-shaped is the U.S. economy? The top 10% spend nearly as much, excluding essentials, as bottom 70% combined
The gulf between the rich and everyone else is laid out in a stark analysis done by Bank of America’s economists on household spending.
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