Monday, December 23, 2024
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Three-Fifths Of Americans Living Paycheck To Paycheck

2023-02-28  |  consumers 

... liday transaction in 2022 using a credit card. Despite using their credit cards more frequently during high-spending periods, 87% of cardholders claim that their holiday season spending in 2022 has not resulted in a material financial hit, while 13% claimed that their debt load has increased very or extremely significantly as a result of the season. Especially for those who live paycheck to paycheck, managing credit card debt is a key concern for consumers as they adjust to today's inflationary pressures. 70% of all cardholders surveyed said they took at least one action to help them manage...

Three-fifths of Americans Plan To Get Away This Summer

2022-04-23  |  travel 

... lmost evenly split between Canada and/or Mexico and countries further abroad. Fourth of July is the most popular summer holiday weekend for travel this year with nearly half of U.S. travelers (46%) planning to go somewhere, followed by Memorial Day (31%) and Labor Day (25%). Thank mom and dad for, well, everything really: Turns out parents are splurging on food and drinks (77%), entertainment and activities (56%) and accommodations (42%) more so than non-parents (73%, 48% and 30%, respectively) during summer vacations. Thirty-two percent of travelers plan to stay in a vacation r...

More Home Sellers Dropping Prices

2022-04-22  |  housing 

... ster and Passover. Year-over-year declines are amplified due to the fact that the same period one year earlier was a non-holiday week. Fewer people searched for “homes for sale” on Google—searches during the week ending April 16 were down 8% from a year earlier. The seasonally-adjusted Redfin Homebuyer Demand Index fell 4% year over year during the week ending April 17—the first annual decline since June. It dropped 13% in the past four weeks alone, compared with a 4% decrease during the same period a year earlier. Touring activity from the first week of January through ...

Research Roundup: Week of January 2, 2022

2022-01-04 09:32:54  |  consumers cryptocurrency housing 

... zona are the top five growth states in America, based on one-way U-Haul truck transactions in 2021. The Lone Star State earned bragging rights as the leading growth state of 2021, narrowly besting Florida for tops honors. California is 50th and Illinois 49th for the second consecutive year. Source: U-Haul The median home sale price rose 14.6% year over year to a new all-time high of $361,171. This comes as the number of homes for sale fell to a record low. New listings and pending sales both dropped to their lowest levels since January. Source: Redfin Home prices continue rising fas...

Happy Thanksgiving!

2021-11-26  |  economy retirement travel 

... mers ranked phone calls and regular mail as the least preferred methods of business communication....

US Shoppers Start Holiday Shopping Early, But Is It Soon Enough?

2021-10-04 12:00:00  |  retail economy 

...  addition, larger home goods such as household furniture continues to be in short supply at many retailers. Continuing labor shortages may also threaten retail sales in the holiday season as retailers and logistics companies attempt to ramp up their hiring of seasonal workers. Analysts will be closely watching Black Friday sales for any indications of potential slowdowns in retail sales and profits to be reported in the first quarter of 2022. ...

Half of Americans Plan To Travel On Labor Day

2021-08-16 12:00:00  |  recreation 

... bounded since the start of the pandemic. Participants were asked if they traveled on the following holidays. Fourth of July 2021. - 51.41% Memorial Day 2021. — 27.17% Easter 2021. — 15.09% Christmas/Hanukkah/Kwanzaa 2020. — 23.40% Thanksgiving 2020. — 22.26% Fourth of July 2020. — 14.72% The more than 53% who plan to travel for Labor Day this year is over 10% more than the number of people that traveled for Easter and Memorial Day combined. Source: The Vacationer...

Interest in Investing Emerges as a Lasting Pandemic Legacy

2021-05-28  |  consumers investing 

...  from Q4 2020—but still down substantially from the 31% who spent on travel a year ago. 17% of consumers reported having no spare cash to spend in February, compared to just 10% in Q4 2020 and 15% in Q1 2020. The proportion of consumers spending on home improvements/decorating—which had surged earlier in the pandemic—fell −3 ppts from the prior quarter to 21%. Likewise, just 13% of consumers reported spending on out-of-home entertainment and new technology products—compared to 21% and 20%, respectively, a year ago in Q1 2020. Spending on essential goods and services—includi...

Visa Confirms Recovery On Firm Ground

2021-05-12 12:20:00  |  consumer spending 

... d when it falls below 100, the spending momentum is weakening as fewer consumers are spending more relative to the previous year. The index is adjusted for day of week, month, holidays, and broad annual trends, and these seasonal adjustments are subject to revision each year. Source: Visa SMI...

2021 Housing Market Shaping Up to be Even Hotter than 2020

2021-02-03 09:30:30  |  housing economy 

... elborn. "People are confident in the market and people are buying homes. And it seems like nothing is holding them back: There was absolutely no slowdown for the holidays, the election didn't affect anything, and the attack on the Capitol didn't register on the housing market at all." While the hot market is largely only benefitting the few people who are selling their homes this winter, there are many people who simply couldn't have afforded to buy a home within a short commute to work who are taking advantage of the flexibility of remote work and moving to where they can afford home price...

Number of Homes for Sale Hits an All-Time Low

2021-01-07  |  housing 

... price came down to $340,000 from a summer high of $350,000. "The shortage of homes for sale has been an ongoing issue for the last couple of years, but in December the combination of the holiday inventory slowdown and the pandemic buying trend caused it to dip to its lowest level in history," said realtor.com® Chief Economist, Danielle Hale. "Looking forward, we could see new lows in the next couple of months as buyers remain relatively active, but a surge of new COVID cases may slow the number of sellers entering the market. Newly listed properties have shown mixed trends. While December'...

Consumers Opting for Larger Vehicles During Pandemic

2021-01-05  |  spending automotive 

... yment of the year at $587 and the highest average down payment of the year at $4,876. "Consumers historically lean toward purchasing pricey luxury cars, trucks and SUVs during the holiday season, which is partially why we're seeing this lift. But we're also just seeing a broader trend of consumers gravitating toward bigger purchases during the pandemic," said Jessica Caldwell, Edmunds' executive director of insights. "It might seem at odds with unemployment levels and the harsh financial conditions that so many Americans are finding themselves in right now, but the consumers who are buying ...

U.S. Retail Sales Grew 3.0% This Holiday Season

2020-12-26  |  holiday retail sales 

... gh Black Friday was down (-16.1%*), Thanksgiving weekend through Cyber Monday remained a key time for shoppers, with Black Friday being the top spending day of the 2020 holiday season. Source: Mastercard SpendingPulse: U.S. Retail Sales* Grew 3.0% This Holiday Season ...


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