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Bank of America Payments and Spending Data Shows Continued Small Business Resiliency

The Bank of America Institute released a new publication today which finds continued resilience in small businesses. New Bank of America small business data shows that, despite economic headwinds, small businesses continue to strengthen in a variety of areas, including credit and debit card spending, business travel expenditures and payroll payments.
United States Anna Zhou Miranda Caruso York Stock Exchange Us Travel Association America Corporation

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Bank of America Payments and Spending Data Shows Consumers Continue to Demonstrate Robust Spending Growth Despite Cross-currents from Rising Utility and Childcare Costs

The Bank of America Institute released a new publication today which shows consumer spending continues to increase in August, but some consumers are feeling the effects of rising utility and childcare costs. Bank of America internal data suggests that the average utility payment increased by 16% year-over-year in August, largely offsetting the relief consumers may feel from falling gas prices.
United States David Tinsley Melissa Anchan York Stock Exchange America Corporation New York Stock Exchange

CNN The Lead With Jake Tapper June 4, 2024 20:45:00

Very important distinction. what i can say is that bank of america to provide context earlier this month, put out a report, a consumer checkpoint, the state of the consumer. what the bank found is that, by and large, most americans still have more in their checking and savings account than before the pandemic. so that is a good sign, because even in the midst of these recession warnings, the strong consumer has been the backbone. so any cracks is going to get a lot of attention. so its just uncl...
U S Bank Of America Consumer Checkpoint Savings Account Recession Warnings Mortgage Rates

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