The big takeaway: Amid the positive signals, there are also some causes for concern.
- Retailers such as Target and Walmart recently cautioned that consumers have pulled back on discretionary spending.
- The personal saving rate, the portion of after-tax income that consumers don’t spend, recently fell to its lowest level since 2008.
- Consumer sentiment remains near historic lows.
While it is difficult to draw too many conclusions from the complicated economic landscape, it is clear that a sizable share of consumers continue to spend.
Go further: Read our full US Holiday Shopping 2022 report.