Consumer Spending Plummeted 34.1% in Second Quarter 2020

Consumer spending decreased by 34.1% in the second quarter of 2020. The COVID-19 pandemic forced people to stay home and businesses to close. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

| TODAY Consumer Spending Plummeted 34.1% in Second Quarter 2020 Consumer spending decreased by 34.1% in the second quarter of 2020. The COVID-19 pandemic forced people to stay home and businesses to close. READ MORE > More Tips: A Tale of Two Housing Markets The pandemic has created extremes in the U.S. housing market. Some see a looming threat of foreclosure, others, irresistibly low mortgage rates. READ MORE  > Want to Be Financially Responsible? Do These 5 Things The basics of financial responsibility range from budgeting to paying yourself first to mastering the art of the credit card. READ MORE > How the Government Measures Inflation The Consumer Price Index (CPI) is an important metric that tracks pricing for everyday expenses and reveals the pace of inflation, two important factors in the U.S. economy. READ MORE > Do You Have to Pay a Charged-Off Credit Card? The phrase charge-off can be misleading. Once an account is charged-off, you may question whether you have to pay it. The answer may surprise you. READ MORE > What Is Full Retirement Age for My Social Security Benefits? Knowing your Full Retirement Age for Social Security benefits is important for many reasons. Get it wrong, and you may get less in benefits. READ MORE > Email sent to: spiritofpray.satu@blogger.com You are receiving this newsletter because you subscribed to The Balance Today newsletter. If you wish to unsubscribe, please click here A DOTDASH BRAND 1500 Broadway, 6th Floor, New York, NY, 10036 © 2020 Dotdash - All rights reserved. Privacy Policy.

                                                           

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