Consumer Checkpoint

Seasonal shopping trends underscore continued resilience, though tradeoffs and price sensitivity remain a key factor.

Consumer spending rose again in October, but price hikes and moderating wages suggest strain for some lower-income households.

Consumer spending has risen, but the gap between lower- and higher-income households remains pronounced.

Spending and wage growth continue to diverge for higher- and lower-income consumers.

Consumer spending increased again in July, but a gap is widening between lower- and higher-income households.

Consumer spending rebounded in June, but services spending fell for the third consecutive month. 

While their wage growth remains positive, younger generations’ spending has decelerated and their use of buy now, pay later is up.

Consumers continue to show moderate spending momentum, with most being in good financial health.

Consumers continued spending in March, but tariffs, slowing wage growth and inflation may pose headwinds.

Consumers show forward momentum, but at a measured pace as they balance grocery prices, policy changes and easing wage growth.

The financial health of consumers looks solid, though rising auto payments may be a risk if the economy deteriorates.

Will rising confidence and solid wage growth mean consumers will kick off the new year with momentum?

Consumers’ resilient momentum continued as the holiday season kicked off, but will it continue to pop in the new year?

Are consumers ready for the holidays?

Wage growth and home equity offer support to consumer spending, though there is less demand for higher-priced durable goods.

Strength in wages is supporting consumer spending and cushioning rising costs of auto loans. Plus, housing costs are easing.

More debt paid off, fewer big trips, smarter savings — did consumers keep their 2025 resolutions?

Jobs growth rebounded in December, according to Bank of America internal data.

What shaped 2025? From economic resilience to AI shifts, the Institute explores the trends that defined the year.