NJ Spotlight News
Business Report: Flat consumer spending
Clip: 10/14/2022 | 4m 27sVideo has Closed Captions
Consumer spending in September below expectations, as inflation takes toll
New numbers Friday show consumer spending was flat in September, which was below expectations. Shoppers pulled back on big-ticket purchases of cars, electronics, appliances and furniture. With costs rising for the basic necessities, like food and shelter, there’s less left over to spend. Rutgers professor James Hughes is forecasting a recession early next year.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Business Report: Flat consumer spending
Clip: 10/14/2022 | 4m 27sVideo has Closed Captions
New numbers Friday show consumer spending was flat in September, which was below expectations. Shoppers pulled back on big-ticket purchases of cars, electronics, appliances and furniture. With costs rising for the basic necessities, like food and shelter, there’s less left over to spend. Rutgers professor James Hughes is forecasting a recession early next year.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS