Consumer Checkpoint aims to provide a holistic and real-time look at U.S. consumers' spending and financial well-being. A regular publication of Bank of America Institute, it leverages the depth and breadth of the bank's proprietary data to produce original perspectives.
Consumer Checkpoint: Amidst the freeze, is confidence thawing?
Though winter weather softened spending in January, consumers’ sentiment is on the rise and their financial health remains strong.
Consumer Checkpoint archive
Review our analyses from prior months.
Consumer Checkpoint: Out with the old, in with the new?
Consumers remain resilient as wage gains support low- and middle-income households, though some plan to pull back in 2024.
Consumer Checkpoint: Happy holidays?
Holiday shopping and income growth supported consumer spending in November, with younger consumers more driven by promotions.
Consumer Checkpoint: Another month of moderation
Low- and high-income household spending growth converges, high-income wage growth ticks up, and deposits remain elevated.
Consumer Checkpoint: Not falling in the Fall
Consumer spending in September remains supported by a resilient labor market, but slowing wage growth and rising childcare payments pose risks. Learn more here.
Consumer Checkpoint: Not such a cruel summer
While card balances and student loan payments begin to heat up, consumer spending remains stable and deposit balances elevated.
Consumer Checkpoint: In the pink
Consumer spending had a summer bounce in July, with lower- and middle-income households looking particularly resilient.
Consumer Checkpoint: Renters feel the squeeze
Overall consumer spending remains stable, but higher housing costs are impacting spending by renters more than homeowners.
Consumer Checkpoint: The young and the restless
While consumer spending has stabilized, rising housing costs and pending student loan payments are pressuring younger consumers.
Consumer Checkpoint: Higher-income pullback
While the overall labor market remains buoyant, higher-income households are seeing some pockets of weakness.
Consumer Checkpoint: No madness in March spending
While spending was no slam dunk due to weaker wage growth and lower tax refunds, consumers continue to have financial buffers.
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