consumer spending Archives

Arizona consumer spending remains weak


A new government report shows Arizona had the second-weakest growth in consumer spending since the recession ended Spending increased 6.2 percent in Arizona from 2009 through 2012, the latest year for which figures are available. The only state with lower growth was Nevada, where spending eked out a scant 3.5 percent increase. Home values plummeted… Read More →

Rising gas prices could curtail consumer spending

by in Business News | Economy

Higher gas prices are crimping consumer spending and slowing the already-weak U.S. economy. And they could get worse in the coming months. The Federal Reserve this week took steps to boost economic growth. But those stimulus measures are also pushing oil prices up. If gas prices follow, consumers will have less money to spend elsewhere.… Read More →

Consumer Confidence In The New Year Will Influence Buying Decisions

Consumer Confidence

Employment and real estate prices have regularly influenced our economy over the last century. Recently, they have negatively compounded the economic crisis and will most likely continue to be an issue as we fight through to recovery. What will it take to change the direction of unemployment and low real estate prices? It begins with… Read More →

After A Long Recession, Over-Spending May Be Tempting, But Consumers Beware

After A Long Recession, Over-Spending May Be Tempting
by in Columnist Spotlight | Economy | Finance

The desires of the American consumer have changed over the last few years. This concept is not difficult to imagine since the United States has suffered it’s worst economic downturn since the Great Depression. People have been forced to appropriately distinguish the difference between needs and wants. Prior to the recession, the American consumer was… Read More →

Can the Savings Rate Save America?

by in Columnist Spotlight | Economy | Finance

The financial norms of our society have changed considerably over the past five years. Assumptions surrounding retirement, investment returns and job security have all changed 180 degrees. Perhaps this recession has been so monumental that it will permanently change the old norms and embrace a new realistic standard. Will this crisis create a new generation… Read More →

Fewer Jobs Will Be Lost This Year, But Growth Will Remain Slow In 2011

by in Economy | Featured

In an updated forecast released today, the Arizona Department of Commerce Forecast reports that the state’s nonfarm job losses for 2010 have been revised downwardly. The department now forecasts that the state’s economy will lose 25,700 jobs this year, as opposed to the 50,400 originally forecast. However, the department also revised its forecast on how… Read More →

Could The Current Real Estate Mess In Arizona Have Been Prevented?

Charles Miscio, a senior vice president at Colliers International

A few short years ago, when Arizona’s residential market was really cooking, Charles Miscio was getting his teeth cleaned when his dental hygienist made an ominous comment: She owned eight houses and was renting them out to investors, speculators and anyone in between. “It seems like everyone got caught up in that irrational thinking,” says… Read More →