Compared to the experience of the 2008–09 Great Recession and ensuing recovery, the COVID-19 pandemic-induced recession, along with federal and state responses, resulted in unexpected consumer behavior.
The typical cost for a Thanksgiving dinner increased more than 18% over the past year, according to survey data from the American Farm Bureau Federation, from $68.72 in 2021 to $81.30 this year.
As drought rages in the Midwest and Mississippi River water levels drop to their lowest point since the 1980s, barge traffic has been constrained, resulting in skyrocketing prices.
Regulatory capital, together with other risk metrics, is a better assessment than tangible-based capital measures when assessing bank conditions.
Amid low inventory, surging home prices and rapidly rising rates, first-time home buyers dropped to their lowest level on record, according to NAR data, comprising just 26% of all buyers in 2022, down from 34% last year.
Middle class wealth increased nearly 29% between the start of the pandemic and March 2022. However, since peaking in March, average household wealth has decreased 6.8%.
The Federal Reserve recently published new research that examines the main sources of credit card profitability based on FR-Y-14M data from January 2014 to December 2021.
Most consumers appreciate and value bank overdraft programs, according to a new Morning Consult survey commissioned by ABA.
According to the University of Michigan consumer survey, views regarding home selling conditions have recently fallen sharply amid buying sentiment at 10-year lows.
The percentage of bankers who said adoption of new technology is extremely important doubled in the last three years, according to the findings of the 2022 Survey of Community Banks.