U.S. consumer spending surged to its highest level in three years during February, but the gains mask a deeper divide between wealthy and lower-income Americans, according to new data from the Bank of ...

The U.S. is showing signs of a "K-shaped" economy with spending among lower-income consumers showing little growth in comparison to their higher-income counterparts, a new analysis from the Bank of ...

WASHINGTON, Dec 5 (Reuters) - U.S. consumer spending increased moderately in September after three straight months of solid gains, suggesting a loss of momentum in the economy at the end of the third ...

The latest run of economic data has reinforced a simple reality: the fate of United States growth still hinges on how freely households swipe their cards and tap their phones. Even as inflation, ...

However, considering that the holidays can spur some irrational spending patterns, there does remain some concern about consumers’ financial health moving forward, she said. “If they’re just amassing ...