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NPR
Economy
The U.S. economy likely slowed sharply in this year's first quarter, but conditions may be sturdier than they look as consumer spending remains healthy. Here, people relax in Sunny Isles Beach, Fla., on March 8.

Why this economy may be sturdier than it looks

Apr 28, 2022
U.S. GDP shrank in the first few months of the year, but the economy may be sturdier than it looks.
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NPR
Economy
A sign shows the price of gas outside of a gas station in Washington, D.C, on March 8. Annual inflation is likely to have hit another 40-year high in February, yet the data won't fully capture the most recent surge in energy prices after Russia invaded U

Inflation hits another 40-year high. The war in Ukraine could make it worse

Mar 10, 2022
Annual inflation climbed to a new four-decade high in February, with consumer prices up 7.9% from a year ago. The increase does not reflect most of the recent jump in gasoline prices.
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NPR
The Coronavirus Crisis
Beverly Pickering's pet sitting business cratered during the height of the pandemic. Now, she says, it's booming, and her customers are traveling again.

'So Exciting To Be Working Again': Americans Are Going Out, Boosting Jobs

May 06, 2021
Newly vaccinated Americans are spending more freely on restaurants, travel and live entertainment. That should give a boost to pandemic-scarred service industries.
NPR
The Coronavirus Crisis
Pedestrians carry shopping bags as they walk through the Union Square shopping district on April 15 in San Francisco. Data on Friday showed personal income jumped 21.1% last month, in what was the largest increase on record.

Flush With Cash, Americans Are Buying Everything From iPhones To Teslas

Apr 30, 2021
Personal income jumped by a record 21% last month, largely thanks to those $1,400 relief payments. The extra cash helped fuel a jump in spending that should continue in the months to come.
NPR
The Coronavirus Crisis
People enjoy lunch at Grand Central Market as indoor dining reopens in Los Angeles on March 15. The U.S. economy expanded at a rapid pace in the first three months of the year and is expected to grow at its fastest rate since 1984.

Shopping And Shots Power An Economy Heading To Its Fastest Growth Since 1984

Apr 29, 2021
The U.S. economy grew at a rapid pace in the first three months of the year as more people got vaccinated and the federal government pumped hundreds of billions of dollars into people's pockets.
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NPR
Coronavirus Updates
Ordinary items such as bicycles or hair extensions are gaining symbolic significance as we use them to project to a time when we can finally use them with others or show them off.

A Bicycle. A Trip. Or Just Pants: The Things We Buy When Pining For Normal Times

Feb 20, 2021
Even the most mundane purchases are becoming objects of hope as we crave the routines and experiences of daily life in this period of isolation.
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NPR
Coronavirus Live Updates
Federal Reserve Chair Jerome Powell has said the Fed is ready to support the economy as a recovery falters.

As Economic Recovery Slows, Fed Sees Many Risks And Pledges Full Support

Sep 16, 2020
The Federal Reserve left interest rates near zero Wednesday and pledged it was ready to use all of its available tools to support an economic recovery that appears to be weakening.
NPR
The Coronavirus Crisis
People eat in an outdoor dining area in New York City's Chinatown on Aug. 10. Economists warn spending may suffer this month.

Rebound In Consumer Spending Fades In July

Aug 28, 2020
Consumer spending rose 1.9% last month — but the rebound slowed from May and June. Unemployment benefits continued to prop up spending in July, but that may change in August.
NPR
The Coronavirus Crisis
Bar owner Petros J Markantonis changes the marquee outside his bar to "Closed Again" at the West Alabama Ice House in Houston.

Wallets Are Already On Lockdown: People Pare Spending As Sunbelt Cases Surge

Jun 26, 2020
People aren't waiting for governors or mayors to make the decision for them. Real-time data show they cut back on spending when they're worried about being infected with the coronavirus.
NPR
The Coronavirus Crisis
A worker paints over a Louis Vuitton storefront boarded up due to the coronavirus outbreak on March 30 in San Francisco.

The Rich Have Stopped Spending And That's Tanked The Economy

Jun 17, 2020
While retail sales bounced back in May after a deep drop in March and April, the wealthiest Americans are not spending as freely as they did before the pandemic. And that could limit the recovery.
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NPR
Coronavirus Live Updates
The U.S. economy shrank in the first quarter, as the coronavirus lockdown began. The April-to-June quarter is expected to be worse.

'Tip Of The Iceberg': Economy Shrinks At 4.8% Pace, But Worst Is Yet To Come

Apr 29, 2020
The economy contracted in the first quarter of 2020 as the coronavirus began to take its toll and spending dived. It's the first quarterly drop in six years and a likely precursor to a deep recession.
NPR
Economy
Consumer spending continues to be a main driver of economic growth, although consumers were a little more cautious in the final months of 2019.

U.S. Economic Growth Slowed In 2019 To 2.3%

Jan 30, 2020
The Commerce Department says the U.S. economy grew 2.3% last year. That's slower than the previous year and well below the Trump administration's forecast.
NPR
Economy
President Trump is downplaying the odds of a recession, but he's also calling on the Federal Reserve to cut interest rates again.

Trump Dismisses Recession Fears, Saying Fed Must Help The Economy

Aug 19, 2019
The Trump administration pushed back hard against warnings of an economic slowdown. But the president is also calling on the Federal Reserve to cut interest rates again to help boost growth.
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NPR
Economy
Shoppers wait in line at a Target store in Newport, Ky., on Nov. 29, 2018. Strong consumer spending boosted analysts' economic growth forecasts for the first quarter of 2019.

U.S. Economy Powers Ahead In First Quarter: 3.2% Growth

Apr 26, 2019

The Commerce Department says the U.S. economy picked up steam in the first three months of the year. GDP grew at an annual rate of 3.2% in the first quarter, up from 2.2% at the end of 2018,

NPR
Economy
The U.S. economy grew more slowly at the end of 2018 than initially thought. The revised numbers suggest somewhat lower spending by consumers.

Say It One More Time: The Economy Is Slowing

Mar 28, 2019
The U.S. economy grew more slowly at the end of 2018 than initially thought. "GDP growth is slowing from unsustainable rates," one economist says. The slowdown is expected to continue this year.
NPR
Economy
Retail sales fell 1.2 percent in December, the most in nine years. The drop cut into forecasts for economic growth.

Americans Tightened Their Belts And It Might Hurt Economic Numbers Important To Trump

Feb 14, 2019
What started off as a strong holiday shopping season ended with a whimper, as December retail sales posted the sharpest drop in nine years. That could mean GDP growth will miss the president's target.
NPR
Business
Nearly three out of 10 online shoppers have taken the plunge to buy an item that costs $1,000 or more. Men are twice as likely as women to press click and buy a big-ticket item, according to a new NPR/Marist poll.

Online Big Spenders Tend To Be Men, NPR/Marist Poll Shows

Jun 11, 2018
Nearly 3 out of 10 online shoppers have taken the plunge to buy an item that costs $1,000 or more. Men are twice as likely as women to buy a big ticket item online, according to a new NPR/Marist poll.
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NPR
Economy
An oil pumpjack works at dawn Jan. 20 in the oil town of Andrews, Texas.

Why Cheap Gas Might Not Be Good For The U.S. Economy

Jan 28, 2016
A drop in global oil prices saved U.S. drivers $100 billion last year. Good news, right? Not so, say some economists. The energy industry is now so big that cheap oil may actually hurt the economy.
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NPR
Your Money
In the years before the Great Recession, many Americans piled up too much credit card debt. Now, they seem to be a little wiser about using plastic, says<strong> </strong>Richard Cordray, who heads the Consumer Financial Protection Bureau.

Watchdog: Consumers 'More Responsible' With Credit Card Debt

Aug 10, 2015
Before the Great Recession, many Americans piled up too much credit card debt. Now, they seem to be a little wiser about using plastic, says the head of the Consumer Financial Protection Bureau.
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NPR
Your Money
Seasonally adjusted annual rates

You've Saved Money At The Pump. Why Aren't You Spending It?

May 12, 2015
Falling oil prices haven't boosted economic growth as much as expected. That's partly because consumers have chosen to pay down debt and save some of the windfall rather than spend it all.
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NPR
All Tech Considered
Apps like Venmo promise easy, carefree money transfers between friends.

The Risky Boom In Carefree Social Payment Apps

Apr 07, 2015
Lots of young adults are using apps like Venmo to settle all kinds of debts. As the apps get more popular, they've become targets for scammers and hackers. But that hasn't seemed to scare away users.
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NPR
All Tech Considered
More Americans are ditching traditional cash and plastic, opting instead for new mobile payment applications. But new research indicates cash isn't completely dead.

Is Cash-Free Really The Way To Be? Maybe Not For Millennials

Apr 06, 2015
Financial advisers advocate using cash whenever possible. New technologies make it easier to do just the opposite. Still, a recent study shows more millennials are turning away from plastic.
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KNPR

Nevada Spending Hasn't Recovered Since Recession's End

Jan 26, 2015
Consumer spending in Nevada since the Great Recession ended five years ago is up just 3.5 percent, the weakest of any state. That’s according to a new...
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