Retail sales report shows billions in extra spending

Even before the holiday shopping season began, consumers were purchasing Christmas gifts. An ASU economist explains why they're spending despite rising inflation.

In this story published Nov. 16, 2021, on Newsy:

People saved a lot throughout the pandemic. They didn't travel. They didn't go to Europe. They didn't do experiences. They didn't go to events. This left them a lot of extra cash. The federal government came along and gave them even more cash. So there's a lot of pent up savings. I think this is going to be a very strong holiday season.


– Dennis Hoffman, professor of economics

Nov. 16, 2021



Get the latest from the W. P. Carey School of Business

W. P. Carey News  |  Headlines and deep dives

KnowIT  |  IT news and research


We're committed to your privacy. W. P. Carey uses the information you provide to us only to share our relevant content that you select. You may unsubscribe from these communications at any time. For more information, check out our privacy policy.

Trending Now

Students
How to: Apply for financial aid

Applying for financial aid is much easier than the grueling process it’s made out to be. Here are some steps you can follow to help pay for grad school.

Students
10 double major combinations that are worth the additional time and effort
One of the perks of being at W. P. Carey is the business core that every major, from finance to public policy, shares. In fact, the only difference between most majors is a total of six courses, which, with proper planning can be finished on time or even early. Explore the top ten business degree combinations pursued by business students at ASU.
Students
5 tips to enhance your resume

Not sure what to include in a qualifications summary? Here are some tips to help build a winning written account for your grad school application.