Consumer Checkpoint aims to provide a holistic and real-time look at U.S. consumers' spending and financial well being. A regular publication of Bank of America Institute, it leverages the depth and breadth of the bank's proprietary data to produce original perspectives.
Consumer Checkpoint: Shifting gears, but still going forward
Consumer spending growth decelerated in February, but continues to be supported by positive fundamentals.
Consumer Checkpoint archive
Review our analyses from prior months.
Consumer Checkpoint: Springing into January
Consumer spending strengthened in January supported by stronger labor income, but the less affluent still face more challenges.
Consumer Checkpoint: New year, new challenges
After a solid year, the consumer may feel the weight of 2023, but for now they are heading to the gym in OK financial shape.
Consumer Checkpoint: End of year health check
Consumers have proven resilient in 2022. While spending is slowing, they are starting 2023 in good financial shape.
Pent-up demand for cars may help offset weaker discretionary spending, but the current road into the holidays looks bumpy.
Our data confirms the U.S. housing market is slowing, which may be a drag on discretionary spending, especially for renters.
Consumers are heading into the fall with solid spending and financial buffers. However, utility bills are taking a toll.
Consumers feel relief from lowering gas prices, but many are feeling squeezed from rising rents.
The post summer outlook is unclear as crosswinds impact consumers, but balance sheets are still in good shape.
As we hunt for bearish signs in our data, we are struck by strong momentum in services spending and elevated household deposits
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