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Why Americans YOLO spending spree baffles economists

Despite past trends, US consumers are spending at record levels. Economists are mystified – and grappling to forecast an end point.

Palo altoUnited statesSan franciscoLeah carrollfeaturesEllie hendersonMegan carnegieWendy edelbergMalcolm harrisChiraag mittalBrookings institutionBoston consulting groupMcintire school of commerceUniversity of virginiaSan francisco reserve bankFederal reserve bankWhy american

Consumers Try to Change Their Spending Habits After the Pandemic

The pandemic gave consumers an excuse to spend more to make up for lost time. Those who went overboard are trying to reverse course.

United statesNew jerseyDanielle eadsSola majekodunmiDrazen prelecLos angelesJoanna fowlerTori mohnChiraag mittalMassachusetts institute of technologyUniversity of virginiaAll things moneySilent generationGreat depressionEmma jossMassachusetts institute

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