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.
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
Latest news
- Flexible online master's of accountancy allows Natalie Goudarzian to continue career while leveling up
Programs like the Online Master of Accountancy and Data Analytics (Online MACC) from W. P.
- Tomato growers say looming duty on imports could upend business, raise prices
A W. P.
- Arizona and Mexico officials to meet for trade summit, address tariff concerns
ASU supply chain management expert calls Arizona-Mexico Summit a smart, strategic move for…