Most of the respondents in the Pine Tree State Poll agree that the prices of everyday goods are higher than they were a year ago and only about a fifth believe their households are better off.
consumer spending
Posted inBusiness, Local & State, News
Tariffs on Canadian goods have increased to 35%. How will Maine be affected?
A pact between the U.S., Canada and Mexico exempts the vast majority of imports from the new tax. But the changes will still hurt Maine’s people and businesses, according to the state chamber of commerce.
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Posted inBusiness, Local & State, News
Bills targeting grocery price gouging fail to win lawmakers’ support
A legislative committee agreed with business advocates who say the bills are unnecessary and will make it impossible for businesses to manage risk.
Posted inBusiness, Nation & World, News
American shoppers forgo faster shipping to stretch budgets
Demand for expedited shipping has fallen every year since 2021.
Posted inBusiness, Nation & World, News
Higher for longer rates mean no escape from the debt squeeze
Even where consumer spending looks solid, it’s often being funded by borrowing.
Posted inBusiness, Nation & World
More people make ‘no-buy year’ pledges as overspending or climate worries catch up with them
Many are using the challenge to dig out of debt, while others seek to shore up their financial future.
Posted inBusiness, Nation & World, News
COVID-19 changed how we spend: More splurging, less saving
The pandemic nudged Americans toward spending more, especially on experiences.
Posted inBusiness, Nation & World, News
Some Americans are saddled with credit card debt as rent and everyday prices remain high
Noticeable pockets of Americans – renters, and lower- and middle-income borrowers – are running up their credit cards balances, and increasing numbers are falling behind on their debts.
Posted inBusiness, Nation & World, News
Americans spent more during the holidays despite some financial anxiety
This year’s sales are in line with what is typical during the holiday season.
Posted inBusiness, Nation & World, News
Consumers tighten spending habits ahead of holiday shopping season
Major retailers say their customers over the last three months have pulled back from high-ticket purchases, focused on essentials, and held out for deals.