MasterCard's Take on the U.S. Consumer
Interactive Video
•
Business, Social Studies
•
University
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
The video discusses the relationship between consumer confidence and payroll growth, highlighting that consumer confidence often leads payroll growth. It examines consumer spending patterns post-recession, noting a shift towards experiential spending. The impact of a strong US dollar on consumer spending, particularly in international travel, is analyzed. The video also explores the elevated savings rate and changes in spending habits, suggesting a potential permanent shift in consumer behavior. Finally, it provides insights into holiday season spending, indicating a positive start with growth in both physical and online retail sales.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
Discuss the implications of the current savings rate on consumer spending.
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What trends were noted during the holiday season regarding consumer purchases?
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