People Are Eating In Instead of Going Out
The restaurant industry continues to experience turbulence that originated with the breakout of the COVID-19 pandemic and the ensuing lockdowns. In 2020, restaurant performance reached...
Category: Consumer Behavior
Consumers Still Spending Amid Inflation
Consumer sentiment and spending have remained fairly consistent in recent months. Despite a dip in summer 2022, current consumer sentiment is at a similar level...
Paper Check Fraud on The Rise – Consumer Awareness
Despite electronic deposits and checks on the rise, paper checks remain an extremely common way to pay expenses such as rent, utilities, donations, and taxes....
U.S. Phasing Out Old Light Bulbs for LEDs – Consumer Awareness
While fluorescent and incandescent lightbulbs may be widely popular in most households, the Department of Energy suggests that LED bulbs are a superior alternative for...
Elevated Food Inflation Continues – Consumer Demand Dynamics
The most recent measure of food inflation is 8.2%, with 2022 inflation at the highest level since inflation in the 1980s, and the category seeing...
Personal Savings at Lowest in 14 Years
During the peak of the pandemic, uncertainty over the job market and elevated unemployment caused consumers to save at heightened rates. In addition, “going out”...
Upper Earners Hold Most Savings On Hand
Consumers are now saving less than before the pandemic, as stimulus assistance funds and generous unemployment benefits have gradually evaporated, encouraging consumers to tap their...
Credit Usage Heading Higher – Consumer Credit
As pandemic assistance funds vanish, consumers are turning to savings and credit to pay for essentials. With many consumers having exhausted their cash reserves, credit...
Growing Inventories Means Lower Prices & Discounts Could Be Coming – Consumer Retail
As the pandemic created supply constraints over the past two years, companies learned to stock up on materials and finished products in hopes of alleviating...
Gasoline Prices Expected To Head Higher This Summer – Energy Overview
Various factors are contributing to sustained high gas prices, which are expected to add to price pressures heading into the summer months. Traditionally, gasoline prices...