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 archive
Review our analyses from prior months.
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.
Consumer Checkpoint: Shifting gears, but still going forward
Consumer spending growth decelerated in February, but continues to be supported by positive fundamentals.
Consumer Checkpoint: Springing into January
Consumer spending strengthened in January supported by stronger labor income, but the less affluent still face more challenges.
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