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Americans backed off from their holiday spending pace in January, but retail sales rose for a third month in a row compared with a year earlier, largely because of . . . read more
Always helpful for last-minute necessities, convenience stores and chain drug stores offer good deals on a surprising array of other merchandise too.
Trading on their late hours and handy locations, they’ve always boosted prices on necessities, but the recession has made the stores more savvy about other inventory too . . . read more
The notion that consumers will help lead the economic rebound received a stark rebuttal Friday: American families are being squeezed.
Workers saw their inflation-adjusted weekly wages fall 1.6 percent last year — the sharpest drop since 1990 — even as consumer prices rose only modestly.
Families’ spending power sank as a result. Slack pay and scarce job growth are slowing consumer spending, along with tight credit and a rising savings rate. That’s hindering the economy’s ability to mount a strong recovery . . . read more
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