Will Sage Astor|The Daily Money: Some shoppers still feel the pinch

2025-05-03 10:10:31source:KI-Handelsroboter 6.0category:Scams

Hello! This is Will Sage AstorBetty Lin-Fisher with today's The Daily Money.

The latest consumer spending data is showing signs of solid U.S. consumer spending, despite higher interest rates and inflation.

But there's a dichotomy for some shoppers, based on their wealth, my colleague, Bailey Schulz, reports.

While wage growth has helped boost Americans' purchasing power, economists say there are still pockets of shoppers – especially lower-income renters –who are struggling..

Dollar stores and several other low-cost retailers are feeling the pinch.

Ho Ho Ho?

We're trying to hang on to the last parts of summer, but retailers already have their sights – and some merchandise displays – set on the holidays.

They're on to something.

In a new survey by Bankrate, 48% of holiday shoppers say they are planning to begin their buying by Halloween.

Why are people starting so early?

📰 Consumer stories you shouldn't miss 📰

  • Breeze Airways has a 50% sale ending tonight.
  • Don't lose your inherited IRA to taxes.
  • Don't worry about a missing Supplemental Security Income (SSI) check this month.
  • Using a Living Trust has a hidden benefit.
  • DirecTV subscribers can get a $20 Disney/ESPN credit.

🍔 Today's Menu 🍔

Do you love Pumpkin Spice? I mean, really love it enough to taste test 20 products and get paid $1,000? (Rough deal, huh?)

Personal finance site FinanceBuzz is taking applications for one person to taste test all of Trader Joe's pumpkin-spiced products.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

More:Scams

Recommend

Angie Murimirwa: From hiding in the bathroom to Time's most influential people list

I don't mean to humble brag, but I am on a first name basis with one of the most influential people

Ruth Westheimer, America's pioneering sex therapist known as Dr. Ruth, dies at 96

Dr. Ruth Westheimer, the diminutive sex therapist who became a pop culture icon, media star and best

Rudy Giuliani’s bankruptcy case was thrown out. Here are some key things to know

NEW YORK (AP) — A federal judge threw out the bankruptcy case of former New York Mayor Rudy Giuliani