One-in-three Canadians say they are in rough financial shape, and two-in-five are dipping into their savings to get by, according to a recent survey by the Angus Reid Institute. “More than a year into a stubborn and persistent cost-of-living crisis, a considerable number of Canadians have progressed from belt-tightening on spending to drawing on existing…

Household spending expectations have fallen in the month of August amid elevated inflation rates, signaling potentially bad days ahead for the American economy. “Median household spending growth expectations fell sharply to 6.0 percent from 7.8 percent in August, its steepest one-month decline since the series’ inception in June 2013, and its lowest reading since January…

The net worth of American households dropped by $6.1 trillion in the second quarter of 2022, triggered by a decline in the stock market, according to a latest report by the Federal Reserve. Total net worth of households and nonprofit organizations at the end of the second quarter was at $143.8 trillion, according to the…

The total value of 10.8 million Australian residential homes has broken the $10 trillion (US$6.95 trillion) mark for the first time in the March quarter. New data from the Australian Bureau of Statistics (ABS) indicated that the national dwelling value increased by $221.2 billion to $10.2 trillion during the period. In addition, ABS head of…

Consumer expectations regarding inflation and household spending remained at elevated levels in April 2022 according to a recent survey by the Federal Reserve Bank of New York’s Center for Microeconomic Data. “Median inflation expectations decreased in April at the one-year horizon to 6.3 percent from 6.6 percent in March. In contrast, median three-year-ahead inflation expectations…

A few years back, Eric and Donna Reed shopped for groceries and household products just once for an entire year. How on Earth? I know. That was my reaction, too. The Reeds got the idea after reading a column in USA Today wherein the writer confessed to his weakness when it came to buying clothes….

TOKYO—Japan’s household spending likely slipped back into contraction in August, when the government expanded emergency curbs to contain the coronavirus, a Reuters poll showed on Friday. The government this week ended a state of emergency it had imposed to combat the pandemic, as the number of new cases and deaths has come down rapidly in…

The recent lockdown restrictions in New South Wales (NSW) have had a lower impact on spending activity in the state compared to the recent Victorian hard lockdowns. Both Commonwealth Bank and Westpac Bank data revealed that overall household card activity had not made any significant drops in NSW after the first week of restrictions. Commonwealth…

The Reserve Bank of Australia hs said the recovery from the current economic downturn will be significantly different to the recovery from past economic shocks such as the Global Financial Crisis and the Great Depression. RBA Head of Economic Analysis Brad Jones said in a keynote address at the Minerals Week Australia-Asia Investment Outlook that…