US | Consumer liftoff delayed, but ready for spring launch

The 2021 consumer spending liftoff may be delayed, but the rocket is fueled up and ready for launch once health conditions improve. Our detailed examination of personal income and savings conditions illustrates how lower- to middle income families should be able to spend more freely on the back of generous fiscal transfers under Joe Biden’s American Rescue Plan (ARP), while higher income families should benefit from big “cash stashes” and steady pay.

What you will learn from this report:

  • There is a worsening and concerning COVID situation in early 2021
  • Consumer spending will likely set growth records in 2021
  • The recovery phase during the vaccine rollout
  • Changes in employment and spending will create a K-shaped recovery

Topics: United States, Consumer spending, Retail, Coronavirus, North America

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